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Started By
Message
re: Mamdani inherited a $12 Billion budget deficit and already has it to zero.
Posted on 5/14/26 at 10:01 am to OysterPoBoy
Posted on 5/14/26 at 10:01 am to OysterPoBoy
Wow, it's magic!
0
Posted on 5/14/26 at 10:03 am to Mo Jeaux
quote:
Where did it come from?
I'm sure this had nothing to do with it
quote:
Gov. Kathy Hochul defended the state’s $4 billion bailout of Mayor Zohran Mamdani’s New York City budget Wednesday, as critics slammed it as a vote-buying giveaway at the expense of the rest of the state.
New Yorkers should be “glad” that the Big Apple’s finances – which Mamdani contended faced a $5.4 billion shortfall – are going to be stable, according to the governor.
That's where.Posted on 5/14/26 at 10:03 am to Lizardman2
quote:
These idiots have no idea of how finance works and assume this commie just made the deficit disappear on his own.
1. Didn't Kathy Hochul lend @ $8B in assistance?
2. Mandami pulled old budget acuels se aside totaling @ $1B
3. Mandami restructured pensions and debt payments over a longer period.
I know I'm missing things, but Jesus, these dolts are buying in without research.
You should go one step further and figure out who subsidizes who. Might be eye opening....
Posted on 5/14/26 at 10:06 am to OysterPoBoy
quote:
love to waist money
Chefs kiss
Posted on 5/14/26 at 10:13 am to idlewatcher
quote:
So they got more of their money back. NYC is the economic engine that drives the state. It pays to the state far more that it gets back.
Posted on 5/14/26 at 10:16 am to OweO
quote:
The internet shouldn't be for everyone. There should be a test that determines how gullible someone is and if they don't score above a certain score they can't access the internet.
I've said the same thing about voting and caught hell for it.
But why should a 36 year old who can name every one of the Kartrashian sisters and recite every line of every Katy Perry song, but cannot name five US States or the two nations that Border the US mainland, be able to participate in civics that affect every other American?
All men were certainly created equally in the eyes of GOD, the only judge that really matters. And they all have the right to enter the Kingdom of Heaven with the right prerequisites and faith, but GOD created morons too.
I've watched a lot of those YouTube videos where street interviewers go around talking to people and asking them very basic civics questions, and it's truly frightening that these people have a vote that offsets mine. And it's only getting worse as time passes. I cannot remember any point in my lifetime where there have been more openly proud idiots running around acting like geniuses.
Posted on 5/14/26 at 10:19 am to i am dan
He only had one tax he could raise and it was taxing wealthy people on their second home. He is estimating to raise $500 million from a tax that was collecting $350 million.
The wealthy are selling their second homes.
The state of New York gave him almost 8 billion.
He cut funding from education as well.
The wealthy are selling their second homes.
The state of New York gave him almost 8 billion.
He cut funding from education as well.
Posted on 5/14/26 at 10:26 am to bishop
quote:
The wealthy are selling their second homes.
This is actually a good thing. They'll be sold to people who actually live there and will spend their money there accordingly.
quote:
The state of New York gave him almost 8 billion.
Which was NYC tax dollars to begin with. They subsidize the state heavily, not the other way around.
quote:
He cut funding from education as well.
Kinda. He cut private school subsidies that we're overwhelmingly going to wealthy kids.
Posted on 5/14/26 at 10:27 am to OysterPoBoy
Thats just patently false....
Posted on 5/14/26 at 10:31 am to mwade91383
Ok. So I can sign you up for closing the US deficit with raising taxes on everyone to the tune several hundred billion dollars, and not even remotely addressing the real problem which is spending and waste? You people are helpless and fundamentally ignorant. Your answer to everything is raising taxes and never cutting spending on top of endless empty promises
Posted on 5/14/26 at 10:52 am to OysterPoBoy
quote:
Zohran Mamdani and his administration announced a proposed NYC budget that they say closes a projected $12 billion budget gap.
NYC budgets are legally required to be “balanced” on paper each fiscal year.
Posted on 5/14/26 at 10:54 am to OysterPoBoy
Satire? He borrowed it from the state. And pushing wall street out at the same time.
Posted on 5/14/26 at 10:56 am to mwade91383
quote:
mwade91383
One time payment from Albany, not going to get this every year.
Delaying expenses that will eventually have to be made.
Assumptions on very optimistic savings (not going to happen)
And they are increasing fees and fines on a lot of shite. Like taking an ambulance. Which will affect poor people more.
This won't fix New York. But a retard can hope.
Posted on 5/14/26 at 10:59 am to OysterPoBoy
Are truly that fricking stupid? I bet you voted for Kamala and think AOC is a good candidate for POTUS too. You cuck liberals are a fricking waste of good oxygen.
Posted on 5/14/26 at 11:08 am to dgnx6
Revenue from NYC has steadily climbed for about a decade+ while the money they're getting back during that same period has remained relatively flat.
The discrepancy is currently about $21b annually.
The discrepancy is currently about $21b annually.
This post was edited on 5/14/26 at 11:10 am
Posted on 5/14/26 at 11:12 am to mwade91383
quote:
You should go one step further and figure out who subsidizes who. Might be eye opening....
The taxpayer subsidizes both and are being fricked more and more every year.
Posted on 5/14/26 at 11:15 am to mwade91383
don't waste your breath, this board still believes everything Trump says.
Posted on 5/14/26 at 11:18 am to OysterPoBoy
Let me kill two birds with one stone.....
@BernieSanders
and
@NYCMayor
are spinning NYC’s budget as some “Democratic Socialist” miracle.
Reality is far less impressive.
Yes, NYC faced a projected ~$12B deficit over two years. But this wasn’t some hidden discovery. Fiscal watchdogs had already warned about it for months, and many of the spending pressures came from policies progressives themselves backed.
Mamdani now claims he “balanced” the budget without hurting working people. What’s missing from the sales pitch? Roughly $8 BILLION in state aid from Albany and Gov. Kathy Hochul.
That’s not a self-sustaining fiscal turnaround. That’s a bailout.
The remaining gap was closed through:
• State money (/$8B)
• Hiring freezes/vacancies (/$1.7B savings)
• Strong Wall Street tax revenue
• Budget shifts and temporary fixes
So no, this wasn’t some revolutionary socialist blueprint. It was classic NYC politics:
Kick the problem down the road, rely on state taxpayers, and call it a victory.
The long-term problem still remains:
NYC spending is growing faster than revenue.
@BernieSanders
and
@NYCMayor
are spinning NYC’s budget as some “Democratic Socialist” miracle.
Reality is far less impressive.
Yes, NYC faced a projected ~$12B deficit over two years. But this wasn’t some hidden discovery. Fiscal watchdogs had already warned about it for months, and many of the spending pressures came from policies progressives themselves backed.
Mamdani now claims he “balanced” the budget without hurting working people. What’s missing from the sales pitch? Roughly $8 BILLION in state aid from Albany and Gov. Kathy Hochul.
That’s not a self-sustaining fiscal turnaround. That’s a bailout.
The remaining gap was closed through:
• State money (/$8B)
• Hiring freezes/vacancies (/$1.7B savings)
• Strong Wall Street tax revenue
• Budget shifts and temporary fixes
So no, this wasn’t some revolutionary socialist blueprint. It was classic NYC politics:
Kick the problem down the road, rely on state taxpayers, and call it a victory.
The long-term problem still remains:
NYC spending is growing faster than revenue.
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Posted on 5/14/26 at 11:38 am to DMAN1968
The city pays way more in taxes than its share of the population. The rest of New York State is a leach on the New York City metro area
Posted on 5/14/26 at 11:44 am to GreatLakesTiger24
What is your point? Of course they do, they have to pay for public transit and far more schools but that has nothing to do with their bloated budget that was created by people who continue to waste money
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