Mamdani says he's balanced New York City budget

Budget Breakthrough in the Big Apple: New York City's Mayor Makes a Promising Move In a major victory for taxpayers, New York City's newly elected mayor, Zohran Mamdani, has unveiled a revised budget that seemingly plugs a staggering $12 billion hole without imposing any new burdens on homeowners. The $124.7 billion spending plan, revealed on Wednesday, is a testament to the mayor's pledge to balance the city's finances without sacrificing the interests of its most vulnerable residents. By avoiding a hike in property tax bills, Mamdani's administration has sidestepped a potential backlash from homeowners, who were bracing for an increase. The budget's success will be closely watched by city officials and residents alike, as it sets the tone for the mayor's tenure and the city's economic trajectory.

New York City's new mayor says he's erased a $12 billion budget hole—without touching homeowners' property tax bills, CBS News reports. Zohran Mamdani on Wednesday rolled out a $124.7 billion spending ...