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The Manhattan wrote about Mamdani's looming $12 billion budget hole months ago, and the use of residents with snow shovels to remove snow during the recent harsh winter (ID required to shovel by the way).

New York City Mayor Zohran Mamdani declared a “budget crisis of historic magnitude” on Tuesday, joining City Council Speaker Julie Menin in a joint appeal to Albany for more state aid and tax adjustments to close a multi-billion-dollar deficit that threatens core city services.

The city is grappling with a roughly $5.4 billion budget gap spanning the current and upcoming fiscal years, a shortfall Mamdani has repeatedly blamed on “gross fiscal mismanagement” under former Mayor Eric Adams. Earlier this year, Mamdani described the inherited deficit as reaching up to $12 billion over FY 2026 and 2027, calling it the “Adams Budget Crisis” and comparing its scale to the Great Recession.

At a press conference on Tuesday, Mamdani and Menin announced support for extending New York State’s overdue budget deadline into June while pressing Governor Kathy Hochul and state lawmakers for increased aid and a rollback of the Pass-Through Entity Tax (PTET) credit — a move they say could generate about $1 billion in new revenue for the city.

“A crisis of this scale cannot be solved without state action,” Mamdani stated. “We’ve inherited a deficit larger than any since the Global Financial Crisis.” The pair also agreed to delay the city’s own executive budget deadline from May 1 to May 12.

Of course, it has nothing to do with Marxist policies that have driven high tax payers from the city in droves, and the mountains of free stuff offered by the Mamdani regime.

Grow up, kids.

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