The Empire State Cannot Pay for Mamdani’s Rotten Big Apple Socialist Agenda |
While campaigning under the banner of democratic socialism for mayor of New York City, Zohran Mamdani made a plethora of pithy promises of “free stuff” for millions of New York City residents. Yet a little less than five months into his term, Mamdani is already stressing that his socialist agenda for the Big Apple may not come to fruition sans a massive bailout from Albany.
New York City faces a budget crisis of “historic magnitude,” Mamdani admitted April 28. To be precise, New York City faces a deficit of at least $2.2 billion in Fiscal Year 2026 and a projected deficit of $10.4 billion in FY 2027.
The fiscal situation is so dire that Mamdani announced he is “extending the executive budget deadline from this coming Friday until May 12th because a crisis of this scale cannot be solved without state action.”
Mamdani said he and his administration “share a commitment to finding inefficiencies and savings,” but that rings mostly hollow. To date, miraculously, Mamdani and his administration have found almost nothing worth cutting in New York City’s gargantuan, bloated budget.
What’s more, Mamdani has already exacerbated the budget crisis with his reckless expansion of the city’s........