Did Zohran Mamdani's new budget really eliminate New York City’s deficit?

"Budget on Shaky Ground: City Officials Pin Hopes on Unconventional Funding Sources In a move that has left many experts scratching their heads, city officials have unveiled a budget plan that relies heavily on state aid, delayed pension payments, and optimistic revenue projections. As the city struggles to balance its books, the plan's reliance on these unconventional funding sources has raised concerns about the long-term sustainability of the city's finances. With the city's pension fund already facing significant shortfalls, delaying payments may only exacerbate the problem, while state aid is never guaranteed and revenue projections often prove overly optimistic. Will this budget plan be a gamble that pays off, or a recipe for disaster?"

The plan relies heavily on state aid, delayed pension payments, and optimistic revenue projections.