Today, I’m releasing the City’s preliminary budget. After years of fiscal mismanagement, we’re staring at a $5.4 billion budget gap — and two paths.

One: Albany can raise taxes on the ultra-wealthy and the most profitable corporations and address the fiscal imbalance between…

— Mayor Zohran Kwame Mamdani (@NYCMayor) February 17, 2026

Quote:

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Today, I'm releasing the City's preliminary budget. After years of fiscal mismanagement, we're staring at a $5.4 billion budget gap and two paths.

One: Albany can raise taxes on the ultra-wealthy and the most profitable corporations and address the fiscal imbalance between our city and state.

The other, a last resort: balance the budget on the backs of working people using the only tools at the City's disposal.

The first path matches a structural crisis with a sustainable and fair solution. I know where I stand.

New Yorkers voted for bold change and competent leadership. We will deliver both, and we look forward to partnering with Albany to protect working New Yorkers.

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NYC budget is ****ed. Putting the ball and ownership of the budget crisis and fixing on everyone but NYC.

Expect additional exodus out of NYC to Texas and Florida.

Typical little commie; get in and blame everything else

Thieves. They'll be coming to the rest of us soon. It's what Europe does to fill out their budget.

What a manipulating little sheet..

ha ha, Hochul endorsed the little Muslim commie!

Now he's putting a gun to her head: either do what I want, or I will raise taxes on everyone in NYC and the useful idiots that support me will vote you out!

Notice that the option of reducing spending is not an option for a commie, aka democrat!


bwaaaaaaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahaha

Gaeilge said:

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BREAKING: New York City Mayor Zohran Mamdani plans to raise NYC’s property taxes for the first time in more than two decades and is looking to raid the city’s reserve funds to fill a roughly $5 billion budget gap, per Bloomberg.

— Leading Report (@LeadingReport) February 17, 2026

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My favorite lefist trick. We will jus take the money from savings and the rich. Ok cool. What about next year?

"I want all of these things and I can't afford it so I need you to pay for it" - basically every liberal ever

…running out of other people's money…

Adam's warned them that the support for illegals was going to cause a $4B hole in the budget in 2023.

Love how balancing the budget is the "last resort".

God forbid fiscal responsibility becomes a priority.

No government has ever successfully taxed itself out of debt

NYC's operating budget was 120 billion last year.

Houston's was 7 billion.

Lost Angeles' was 14 billion.

Clearly New York isn't taxing the rich enough.

Paying for almost half your population to do nothing but vote communist gets expensive

There's a third path. Stop ****ing wasting money on useless stuff like all your social and welfare programs. . Balancing a budget is something most Americans deal with monthly, at least the smart ones. If you can't afford something you put it off til you can. The dumb ones impulse buy with a credit card because they "need" whatever it is. Living within your means requires humility and self control, neither of which your average liberal has.

NYC proposed budget for next year is $127 billion.

8.3 million people live in NYC

Every man, woman and child needs to pay a flat tax of $15,300.

Simple.

🚨 BREAKING: Many New Yorkers are livid after Ugandan Mayor Mamdani says he needs to RAID the RETIREE fund and raise property taxes just to help cover the budget shortfall

He'd also need to "raid our rainy day fund"

You REALLY asked for it, NYC! 🤯pic.twitter.com/4swDQZUbOx

— Eric Daugherty (@EricLDaugh) February 17, 2026

when will public transit be free?

when is day care gonna be free?

what about rent controls?

i bet this $127 BILLION budget doesn't even have any of that stuff.

I am beginning to think that this socialism isn't being done right either.

So a $5 billion gap from an $11 billion increase year over year. And the problem is not enough tax revenue?

Sometimes you just have to sit back and watch people reap the consequences of their choices.



It's called socialism, and it doesn't work - every single time.

And then he'll have to raid it again next year. And the year after that. And eventually he'll drain all of the resources, which anyone with an ounce of knowledge understands because socialism/communism doesn't work because you eventually run out of other people's money. Personally, I'm happy its happening because it serves as a stark reminder that its a failed political theory. Unfortunately, people have to be reminded of that from time to time. Better it happens in NYC than nation-wide.