He's also going through with his wealth tax.

Travel through some of the other towns in upstate. I remember going through Rochester and seeing what deindustrialization and immigration has down to a place like that. Nice hotel down town... tons of security, even on the floors. Why? They had rented whole floors to the government to house immigration. First time I've ever seen school busses picking up kids at a major chain hotel. Crazy.

This will take away from the rest of the state, and they'll be damned because they don't out weight NYC.

NEW: NYC Mayor Zohran Mamdani unveiled a budget that closes a $12 billion inherited deficit with no property tax increase and no major service cuts, while adding a first-ever pied-à-terre tax on luxury second homes worth over $5 million. The plan includes record investments in… https://t.co/ulQ5djWeub

— MeidasTouch (@MeidasTouch) May 12, 2026

Housing investments:

– $5.6 billion for NYCHA — the largest City capital investment in recent history
– $256 million to renovate vacant NYCHA units so more families can move in
– $4 billion for deeply affordable housing, plus another $500 million in FY31
– $14.3 million for…

— MeidasTouch (@MeidasTouch) May 12, 2026

In addition to the new pied-à-terre tax on luxury second homes, Mayor Mamdani says he will work with Council Speaker Julie Menin and the City Council to reduce the Unincorporated Business Tax (UBT) credit, a tax break that overwhelmingly benefits millionaires.

That change is…

— MeidasTouch (@MeidasTouch) May 12, 2026

Captain Pablo said:

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hunter2012 said:

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My only problem is that ultimately they'll go to federal government for a bailout and the rest of us tax payers will be responsible for the bill. If a state government is too big to fail it means the net tax payers are ultimately slaves to Commie Mamdani's spending even though we live in completely different states.

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The next time I democrat is in the Whitehouse,, you can bet that's what's going to happen

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Yep.

Aggie95 said:

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Help me understand….

NYC Mayor Zohran Mamdani unveiled a budget that closes a $12 billion inherited deficit with no property tax increase and no major service cuts, while adding a first-ever pied--terre tax on luxury second homes worth over $5 million.

So a tax that they estimate to generate $500 million plus a $4 billion handout from the state….is going to wipeout a $12 billion deficit? How?

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NY education system. Simple math not allowed, apparently.

Captain Pablo said:

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State to send an ADDITIONAL $4 billion to NYC

Oh boy, when that place crashes, it's coming down hard

These clowns never learn

https://nypost.com/2026/05/12/us-news/hochul-forks-over-another-4b-to-bail-out-mamdanis-nyc-budget-woes-as-she-faces-intense-election-pressure/?utm_campaign=nypost_trending&utm_medium=social&utm_source=facebook&fbclid=IwdGRleARwe9hleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeZ3d9V1JEpu1rGKuS8cNimgPffXO-gpFzw-pCHU_XSjIQQYCNdd1iSQ8hZJw_aem_gDdWB6xcg4Tmi128gCAkfA

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The reason why they never learn is because they are so addicted to their woke ideology and living in an unrealistic world. Recently, even these type of people will admit that it's unrealistic, but it's the thought that counts.

The Ex Officio Director said:

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Aggie95 said:

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Help me understand….

NYC Mayor Zohran Mamdani unveiled a budget that closes a $12 billion inherited deficit with no property tax increase and no major service cuts, while adding a first-ever pied--terre tax on luxury second homes worth over $5 million.

So a tax that they estimate to generate $500 million plus a $4 billion handout from the state….is going to wipeout a $12 billion deficit? How?

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2 + 2 = fish


Liberal math

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I appreciate the Big Short reference

hochul is simply buying votes with other peoples money.

Who?mikejones! said:

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When we came into office, we uncovered a $12 billion budget deficit.

Today, I’m proud to say we brought it down to zero.

We didn’t close the gap on the backs of working people.

We closed it while funding parks, libraries, safer streets and making historic investments in public… pic.twitter.com/TbNu6fhvjs

— Mayor Zohran Kwame Mamdani (@NYCMayor) May 12, 2026

Does anyone believe this clown?

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Unfortunately

Has anyone asked for details? He is saying it's balanced but how without cutting spending and raising taxes? They must have moved a lot of spending "off the books"

Oh, yes, the details are out there. He got an 8 billion dollar bail out and slashed pensions.

So, no, he didn't close the gap, he transferred it to new Yorkers living outside the city and screwed pensioners and is raising taxes on second homes.

sam callahan said:

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hochul is simply buying votes with other peoples money.

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"… eventually they run out of other people's money."

Quote:

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"… eventually they run out of other people's money."

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eventually. they will run through NY state money and they will come for more of ours before they hot bottom.

I did not realize that Hochul is a spelunker.

Aggie95 said:

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Help me understand….

NYC Mayor Zohran Mamdani unveiled a budget that closes a $12 billion inherited deficit with no property tax increase and no major service cuts, while adding a first-ever pied--terre tax on luxury second homes worth over $5 million.

So a tax that they estimate to generate $500 million plus a $4 billion handout from the state….is going to wipeout a $12 billion deficit? How?

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You're forgetting the power of love and positive vibes

Aggie95 said:

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Help me understand….

NYC Mayor Zohran Mamdani unveiled a budget that closes a $12 billion inherited deficit with no property tax increase and no major service cuts, while adding a first-ever pied--terre tax on luxury second homes worth over $5 million.

So a tax that they estimate to generate $500 million plus a $4 billion handout from the state….is going to wipeout a $12 billion deficit? How?

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Feelings man, you pay the bills with feelings...

Aggie95 said:

---

Help me understand….

NYC Mayor Zohran Mamdani unveiled a budget that closes a $12 billion inherited deficit with no property tax increase and no major service cuts, while adding a first-ever pied--terre tax on luxury second homes worth over $5 million.

So a tax that they estimate to generate $500 million plus a $4 billion handout from the state….is going to wipeout a $12 billion deficit? How?

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I think that 5 million is a misprint and should be 5 billion. That puts them at 9 billion, and he's within a few billion of closing the gap that he'll have to either cut from services or raise more local revenue.

The whole thing is a sham of course. Going to enjoy my popcorn as NYC drives themselves into the ditch of their own making.

Eliminating a $12B deficit in a few months seems suspect at best…..

Just wait if the Dems get back in the White House.

Who?mikejones! said:

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When we came into office, we uncovered a $12 billion budget deficit.

Today, I’m proud to say we brought it down to zero.

We didn’t close the gap on the backs of working people.

We closed it while funding parks, libraries, safer streets and making historic investments in public… pic.twitter.com/TbNu6fhvjs

— Mayor Zohran Kwame Mamdani (@NYCMayor) May 12, 2026

Does anyone believe this clown?

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"Uncovered". Such gaslighting. This was a known issue.

The pension side of the issue is just lighting the wick on a time bomb. For the party of the "workers" I've always found this hilarious to be a card they love to play in budget decisions.