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Don’t Count on Wall Street or Rainy Day, Budget Watchdogs Tell Mamdani from THE CITY - All RSS feed.

Don’t Count on Wall Street or Rainy Day, Budget Watchdogs Tell Mamdani

Comptroller Mark Levine speaks at his Municipal Building office about his office’s city budget projections,

Mayor Zohran Mamdani is getting praise for presenting a budget that estimates expenses more accurately than his predecessor, Mayor Eric Adams. But his plan to balance that budget — which anticipates a Wall Street-driven boost to tax revenues, possible draw-downs of the city’s reserves and an across-the-board property tax hike — is getting panned. Both […]

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