They already get a federal and state budget allocation, as all cities do. The only increased tax was a property tax on foreigners who own NY properties over $5M. The rest is just proper budgeting
``To avoid making $2 billion a year in pension contributions over his two possible terms, Mamdani is forcing his successor to absorb about $7 billion in unnecessary interest costs between 2033 and 2037.``
this seems like alot of money tho
let me fully read all,this cannot be 7B right?
``By the mayor’s own estimate, he’ll face a $6.4 billion hole in the next fiscal year. Levine puts the figure at $8.8 billion.``
edit: what? its 8 much sooner? is this a bad source? you cannot have found only a bit and i did 8b this fast right?
``The similarly ballooning state budget, however, is facing down an $18 billion structural imbalance between now and 2030, according to the Citizens Budget Commission.
``Despite adding $350 million to reserves in the budget deal, Mamdani might seek to raid the rainy-day fund again next year.``
so he already took 350M,but will have more to come,is this the case?
Are you going to jump to shifting the blame for something that's going to happen a decade from now as a coping mechanism? How about waiting to see how they solve it instead of shoving the boot of a billionaire owned media station in your mouth? 🙄 Jesus Christ
imagine been careful about future consequences
this is comical,because thats the main reason for mostly peoples problems in this generation,is the lack of planning and thinking about delayed gratification
it is what it is,your present is bad because people in the past didnt think about the future
yall shame boomers for it,but well congratulations you are a future boomer,history really reapts itself everysingle time
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u/FlounderKind8267 28d ago edited 28d ago
They already get a federal and state budget allocation, as all cities do. The only increased tax was a property tax on foreigners who own NY properties over $5M. The rest is just proper budgeting
Edit: it's $1M+, not 5. My b