A $12.6 Billion Budget Gap May Complicate Mamdani’s ...
4 hours ago · A $12.6 Billion Budget Gap May Complicate Mamdani’s Affordability Plans The New York City comptroller, Mark Levine, said that poor budgeting practices by the previous mayor, Eric Adams, …
City faces multibillion-dollar budget gaps – and not because ...
5 hours ago · As City Hall and Albany prepare their respective budgets, Mayor Mamdani has proposed raising taxes to fund major policy initiatives and help close future budget gaps.
City facing a bigger budget deficit, says comptroller - MSN
Just two weeks into his new office, city Comptroller Mark Levine is warning that Mayor Zohran Mamdani faces a cumulative $12 billion budget gap that the new mayor must say how he intends to close ...
What Mamdani and Hochul Can Learn from Gotham’s Financial Crisis
3 days ago · Beyond that, these fiscal monitors say budget gaps could total more than $37 billion by FY 2029—more than double the shortfalls projected in Eric Adams’s final budget modification in …
Mamdani will have to fill $6.5B budget gap by next summer ...
Dec 17, 2025 · Mayor-elect Zohran Mamdani will have to fill a massive $6.5 billion budget gap by next summer, according to a blistering new report from the Independent Budget Office.
NYC's New Comptroller Sounds Alarm On Two-Year Deficit Of $12 ...
Mamdani named Sherif Soliman, a veteran of three mayoral administrations, as budget director in December and must submit a budget plan by Feb. 1. This article was provided by Bloomberg News.
Mamdani faces $2B budget gap before taking office in NYC as ...
As Mamdani gears up to lead, he’s facing a financial quagmire that could swell to over $13 billion by 2029, driven by lagging economic growth and underestimated costs, according to a stark report from …