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Mamdani’s budget hands Hochul a political bomb — while rejecting the most prudent path forward
New York Post ^ | Feb. 17, 2026 | E.J. McMahon

Posted on 02/17/2026 6:18:20 PM PST by nickcarraway

On the eve of Mayor Zohran Mamdani’s first preliminary budget rollout, Gov. Kathy Hochul handed him what amounted to a $1.5 billion gift card, courtesy of state taxpayers.

On Tuesday, the mayor thanked the governor for the promised new state aid — by handing her a ticking political bomb. Despite the added money, Mamdani said, the city faces a “historic” $5.4 billion budget gap — which can only be closed by proceeding along what the mayor characterized as two “paths.”

Path one, he said, would be for the state to give the city authority to “raise [income] taxes on the ultra-wealthy and the most profitable corporations” — a step Hochul has refused to take.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: New York
KEYWORDS: budget; hochul; kathyhochul; mamdani; newyork; newyorkcity; zohranmamdani

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1 posted on 02/17/2026 6:18:20 PM PST by nickcarraway
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To: nickcarraway

Cut the budget...dumb a**


2 posted on 02/17/2026 6:21:00 PM PST by Sacajaweau
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To: nickcarraway

“Mamdani flatly ruled out an obvious third path for the city: reducing spending in his mammoth $127 billion proposed budget”.

Raising taxes with promises is one thing but how you apply the money even when not raising taxes is the bottom line.


3 posted on 02/17/2026 6:22:15 PM PST by Beowulf9
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To: nickcarraway

[prudent] == [acting white].


4 posted on 02/17/2026 6:24:10 PM PST by Steely Tom ([Voter Fraud] == [Civil War])
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To: Steely Tom

Does anyone here think Obama gave a damn about his party after overseeing a thousand or so lost legislative seats nationwide? That includes state legislatures.


5 posted on 02/17/2026 6:26:45 PM PST by DIRTYSECRET
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To: Sacajaweau
Cut the budget...dumb a**

He ran on freebies and taxing the rich.
He's giving the voters what they said they wanted.
6 posted on 02/17/2026 6:27:02 PM PST by Dr. Sivana ("Whatsoever he shall say to you, do ye." (John 2:5))
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To: nickcarraway

Ya think Trump loves NYC enough to bail out Mandani with US Taxpayer money?


7 posted on 02/17/2026 6:27:32 PM PST by Equine1952 (MM1SS SASOB)
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To: Sacajaweau

No Democrat EVER cuts a budget. In fact they budget for things they know they won’t have the money for and then blame everyone but themselves when there isn’t enough money. They still won’t cut it. “It’s for the children”.


8 posted on 02/17/2026 6:28:53 PM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no prrobkem)
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To: nickcarraway

He is an overgrown spoiled child. He is from another country. The New Yorkers will keep going as usual. Imbeciles running the state.


9 posted on 02/17/2026 6:30:34 PM PST by stanne
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To: nickcarraway

The NYC unionists of all stripes will be the first paid, after that Hochul will quietly send a few billion to bail out NYC.


10 posted on 02/17/2026 6:41:49 PM PST by quantim (Victory is not relative, it is absolute.)
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To: nickcarraway

Go for $11 billion, in hopes of getting $3 billion and claim a compromise was achieved.


11 posted on 02/17/2026 7:01:07 PM PST by Jonty30 (I always ask AI stupid questions to avoid the smart lists for elimination. I want to surprise it.)
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To: nickcarraway

“Socialism is ‘great’, until you run out of other peoples money.”

How many times do people have to hear/learn this....


12 posted on 02/17/2026 7:12:53 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: Equine1952

Nope


13 posted on 02/17/2026 7:13:04 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: DIRTYSECRET
Does anyone here think Obama gave a damn about his party after overseeing a thousand or so lost legislative seats nationwide? That includes state legislatures.

I remember that. He didn't give a ****.

14 posted on 02/17/2026 7:15:31 PM PST by Steely Tom ([Voter Fraud] == [Civil War])
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To: Equine1952

What does Trump gain bailing out a socialist? He would not teach such a lesson, none of us would. That teaches them the adults will bail them out to keep wasting more money and its ok.


15 posted on 02/17/2026 7:18:30 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: nickcarraway

I want NYC to hurt—very bad.

Many conservatives were once mugged liberals.


16 posted on 02/17/2026 7:27:11 PM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: nickcarraway

election prediction, guaranteed: lots of feet voting


17 posted on 02/17/2026 7:33:39 PM PST by sopo
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To: Secret Agent Man

I agree with what you said. It’s just sometimes I think Trump has a soft spot in his head for NYc. Plus he has properties there. It’s just a poser.


18 posted on 02/17/2026 7:42:32 PM PST by Equine1952 (MM1SS SASOB)
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To: nickcarraway

Sorry. Don’t care. Good luck to the both of them, and congratulations to the people of the state and city.


19 posted on 02/17/2026 7:57:14 PM PST by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.”)
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To: nickcarraway
If the Demonicrats take Congress and the Presidency there WILL BE a federal bailout of California, Illinois, New York etc.

The following shows the states stupidity: New York state sits on top of enough shale gas to last it about 200 years at present rates of consumption. New York refuses to utilize their great bounty efficiently and cheaply due to an insane Byzantine set of rules. They get most of their natural gas from Pennsylvania, West Virginia, a bit from Ohio and a bunch from Texas. Why does New York shoot itself in the foot with each opportunity it has? Get a clue New York. Why does your electricity cost almost twice as much as in Texas?

20 posted on 02/17/2026 8:11:52 PM PST by cpdiii
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