Zohran Mamdani Lies About Erasing NYC's Budget Deficit

ABC7NY.com:

Facing deficits exceeding $12 billion, among the largest since the Great Recession, New York City Mayor Zohran Mamdani announced on Tuesday that his administration had balanced the budget thanks to a combination of state support, new revenue, and belt-tightening. 

 

Mamdani positioned the first budget of his administration, $124.7 billion for Fiscal Year 2027, as a major shift away from austerity while maintaining fiscal stability. 

 

The plan closes significant budget gaps without raising property taxes, cutting services, or tapping into reserve funds - moves the administration says protect working-class New Yorkers.

Zohran Mamdani “eliminating” a $12 billion budget deficit in New York City is an outright lie. New York City has been legally required to pass balanced budgets every year since the 1975 Financial Emergency Act, meaning every mayor from Rudy Giuliani to Bill de Blasio and Eric Adams also 'balanced budgets'. Indeed, Adams left a projected FY27 gap of about $4.69 billion, while Mamdani’s team added roughly $8 billion in previously underreported expenses, including shelter operations, rental assistance, special education reimbursements, and NYPD overtime — then labeled the total as an inherited deficit. This “solution” came from temporary state aid provided by Kathy Hochul, rather than long-term fiscal reform, making the fix unsustainable.

RELATED: Mamdani’s Opponents Raise More Than $1 Million to Fight His Agenda

NYC Mayor Eric Adams Quits Re-Election Campaign After Sagging in Polls

amNY.com:

 

Eric Adams will officially be a one-term mayor. Hizzoner announced on Sunday that he is suspending his independent re-election campaign. The campaign had seemingly slowed to a crawl in recent days after being repeatedly denied public campaign financing and polling in last place for weeks in the four-way race.

“Despite all we’ve achieved, I cannot continue my re-election campaign,” Adams said, blaming bad press and an inability to gain public campaign matching funds for paralyzing his campaign.

“The constant media speculation about my future and the CFB decision to withhold millions of dollars have undermined my ability to raise the funds needed for a serious campaign. I hope that over time, New Yorkers will see the city thrive under our leadership, and policies that we have put in place should be continued and expanded.”

NYC is losing a good man in Adams, but Mamdani's rise and sagging poll numbers really left him with no choice but to drop out the race. Question now is does this help Andrew Cuomo? A horrible person who enthusiastically gave NYC cashless bail and screwed people over and over again during Covid. Also, what's next for Adams? Especially after Trump dangling an administration spot in front of him in return for dropping out the mayoral race. Personally, I think Adams should say no to Trump and go after a Democrat congressional seat or even wait for a Governor or Senator spot if he wants to stay in politics.

RELATED: NYers Can't Afford Mamdani's Climate Dreams