#new-york-city-budget

#new-york-city-budget

"The ultra wealthy and the most profitable corporations are going to fight any revenue raiser," said Brahvan Ranga, campaign manager of Invest in Our New York, a coalition of organizations pushing for progressive tax reforms. "But the political winds are at our back in a way that hasn't been the case in years." Zohran Mamdani won the mayoral election resoundingly by running on reshaping New York to be affordable and manageable for working people. But many of his audacious plans require money-lots of it.

New York City and Mayor Zohran Mamdani find themselves in deep economic water. The city is staring at a $12 billion budget hole that must be filled by June 30, a massive economic challenge for any mayor, let alone one on the job for just 22 days like Mamdani. Without question, a deficit of this size will hinder Mamdani's ability to realize much of the affordability agenda that propelled him to the highest office in New York City last year.

Budgets are nothing if not a reflection of political choices and political will, and I am eager to make different decisions and to enact an agenda that puts first the many, not just the privileged, Mamdani said.