Moody’s downgraded New York City’s bond outlook from stable to “negative” Wednesday, while Mayor Mamdani’s budget chief went AWOL rather than answer City Council questions about the mayorR…
Moody’s downgraded New York City’s bond outlook from stable to “negative” Wednesday, while Mayor Zohran Mamdani ’s budget chief went AWOL rather than answer City Council questions about the mayor’s mystery-math budget.
He pointed to out-of-control outlays such as the FHEP housing voucher program, up 940% since 2019 to $2.5 billion. The city Independent Budget Office says the vouchers could blow an added $3.4 billion hole in the budget.) to close the gap, as Mamdani wants; they point to $1.7 billion from cost-cutting and higher-than-predicted tax revenue, for starters.Mamdani should have invited heroic Finest to Gracie Mansion, not the Hamas-loving worstnearly 10% if Gov. Kathy Hochul refuses to give him the other tax hikes he’d rather have to fund his bloated $127 billion spending plan. The mayor’s stated intent to spend more despite the gaps, combined with his spastic talk about how to fund it, directly explain the Moody’s downgrade. Mamdani’s strategy is to blackmail Albany for a tax increase, rather than doing any reasonable cost costing. Menin and Lee dropped a brutal comment on the Moody’s downgrade, demanding a “responsible path forward” including “long-term savings and fiscal discipline needed to protect New York City’s financial stability.”Iran's revenge terror attack plot on California with army of drones revealed in terrifying FBI memo Steve Tisch, family transferring Giants ownership after explosive, 'working girl' Epstein email revelations Stream It Or Skip It: 'Scarpetta' On Prime Video, Where Nicole Kidman Is A Medical Examiner Who Is Haunted By Serial Killings She Thought She Solved Two Decades Ago
City Budget City Council Editorial Julie Menin Property Taxes Taxes Zohran Mamdani
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