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NYC Mayor Zohran Mamdani says he closed $12B deficit without austerity

newsMay 14, 20263418,551

Mayor Zohran Mamdani says he closed a $12 billion budget shortfall without cutting core services, declaring "We didn’t close the gap on the backs of working people" while keeping funding for parks, libraries, safer streets and historic public housing investments. His revised $124.5 billion spending plan relies on targeted savings and revenue changes and includes more than $1 billion in proposed education reductions and housing savings to balance the budget as required by law. Mamdani also confirmed he does not plan to attend the Manhattan Israel Day on Fifth Avenue parade scheduled later this month. That combination of preserved services and targeted cuts will determine funding for schools, housing and public safety across New York City.

Pam Keith
@pamkeithdc.bsky.social

After FIVE MONTHS on the job, Zohran Mamdani has delivered a BALANCED BUDGET for NYC, without cutting services or raising overall property taxes. HE DID THAT!! He cleared a 12 BILLION dollar gap by managing spending, getting a bigger slice from the state and closing loopholes. He did it while

880916h ago
Pam Keith1396

also delivering on universal child care and breaking ground on many of his other promises. He is BY FAR the best city executive in my lifetime. He is demystifying Democratic Socialism in real time, and it is a delight to see. He is proving every day that it is possible to govern wholly and

jimmy6409

We're getting a glimpse of what it can be like with leaders not controlled by outside influence and personal greed

UncleMark 🦅🇺🇸233

Running laps around the centrists.

baaabyblu.bsky.social158

They hate him because he's showing then it can be done and without a bunch of bs

lm100.bsky.social93

Note that in his video about this he said WE almost exclusively. Not taking credit personally. What a nice change.

Our Common Defense62

Mamdani is the best thing to happen to NYC since the 2nd deck on the GWB

Trixie 🌸🇨🇦42

That’s amazing! I love Zohran, he’s the real deal. He genuinely cares about people, and takes his job seriously.

Julianne41

This is what we could have had with BERNIE. Democratic Socialism. No more Corporate Dems! No more Dems who take corporate PAC money and serve Big Tech, Big Pharma, and corporate interests.

Bruce (UK)30

Imagine what he could accomplish as President 🤔

Jerelle26

It is amazing what the human mind can achieve when open and awake.

GlacierLil177624

Meanwhile the stupid Republican sheep voters believe the 🐂 💩.

forced2bnice2u.bsky.social23

Living in a red state I have to admit I’m jealous. A real Mayor fulfilling his promises 🙏🏽

Appeasement Doesn’t Work21

The secret is the practical implementation of Democratic socialist values. Implement one or two programs at a time, find the funding and don’t get intimidated by billionaires threatening to leave.

Election_Every19

Permanent funding for libraries and parks, too!

Mike L.🇨🇦🇺🇦🇬🇱🇪🇺16

Funny how democrats are good at managing?

Cardinal Cyn16

Our mayor in London is popular too He wants people to enjoy living in a great city, It's not a new idea But the super rich are such greedy assholes they forget A city or town is about its inhabitants and what they do in it.

Rabid Cormorant15

What you can do if you don't just stuff your pockets with public money and put it to use, eh Probably a bit embarrassing for a few other large city mayors...

Ann T. Social14

Amazing what happens when you elect progressives.

Renda13

For everything he accomplishes, making the old guard dems look like the corrupt shitty rotten mayor's they were. I hope he keeps rubbing their noses in it!!

robertjeff57-58.bsky.social11

Fantastic job mayor Good on you

Devlyn Angel, ETQ 😈😇11

And this is why other politicians, especially Republicans, hate him. He's proof that the government can help its people without going into debt. He highlights their own inadequacies and failures.

carolinaregulators.bsky.social10

Republicans are biologically incapable of balancing a budget.

beckys1313.bsky.social9

Pls come to California and help us

T Antony 🏳‍🌈9

I love Mamdani if for not other reason, the angst he creates for democrats. Americans are sick and tired of both right wing parties.

Randy9

I hope Mamdani shows our country what is possible. The support he gets from people will teach politicians what it takes to get them elected.

Moe Luvvy8

It makes a difference when a politician has a pro-human bias.

Stella7

Responsible government looks so alien to Americans.

csd7

Yeah but has Schumer endorsed him yet? 🤡

sfro.bsky.social6

He did it by himself or did those of us who pay taxes in NY is a Kathy hochul election year hand out to NYC do that? I have no beef with him, but let’s be more clear about what happened.

ayeshabarb.bsky.social5

Why is it that Republicans blow up budgets and Democrats come in and fix it, and yet folks vote GOP? Oh yeah, I forgot--culture wars.

YourDailyArt5

And he did it all without building an arc de triumph, or a ballroom, or enriching himself and his family.

Trashy Cappy5

Messaging-wise, I think he needs to be more specific about what changes were made. I know Outing the FugFug games NYC departments play can be dangerous, I’m seeing a lot people claiming he’s raiding pensions and steeling benefits, etc. if he leaves and info vacuum, these mooks will happily fill it.

Mustache Pete Drexel5

I don’t expect him to deliver everything on his list but this is an accomplishment that is impressive given the speed of which it occurred. No property taxes raised or cutting of benefits useful to real Americans. We could easily do the same at the national level if the current administration goes.

Matthew Shirts5

I love how competent he is, running circles around the geriatric politicians who have taken over Congress

TruthBTold 💛💙🌻4

He is our future. He has "something" that no one else has, an Obamaesque nature and charm that works with the worst of the worst. I love him!

oligarchssuck.bsky.social4

All while being constantly attacked by the bigoted MAGA MOB.

Webgiant4

I'm a little concerned that, after a campaign promise to increase library funding by 0.5%, Mamdani *cut library funding by millions* in his first budget, and people had to shout at him before he backed down and changed his budget proposal.

erickbt.bsky.social4

But the billionaires are leaving in droves where the economy in NYC is suffering greatly

Robin M4

I hope this becomes the model for every city in the US. We do not have to be living the lives we are in this country. We can do better. Much better.

🦋DonnaNextDoor💙💛❤️‍🩹4

Would be nice if some of the rest of the country had a democratic majority in their cities. We could actually get some real things done for the people. Not for the corporations and millionaires.

hubertlaneite.bsky.social4

Way to go Mayor Mamdani.

Ms Underestimated4

He did not do this alone, his administration is 100% badass women, most of them are BIPOC. Behind every great man is a helluva woman doing the dirty work.

Corporate Pravda has appropriated your thought and response.4

Republicans who argue for austerity, you're going to have to tighten your belts, is a fraud. There is enough money around - it's just been going to corporations, elites and not you. You have been lied to by the GOP - privatization doesn't work - it's a con to divest public assets for a dime to mates

idamus.bsky.social3

Some people are qualified politicians, and some are Donald Trump...

mrbob9000.bsky.social3

I bet you he was the best person to work with on group projects in college

Divanyst3

Look at what's possible when you cut thru the bullshit and get stuff done for the greater good.

Joe7193

Sorry...its not all shits and giggles. Before you annoint him King, lets see how many more compromises...and what the results are of those compromises are likely to be. www.forbes.com/sites/nathan...

bermynick.bsky.social3

Governing responsibly means delivering the best public services possible out of taxes you collect. Rich people don't like contributing to society, they're too good for that so they buy politicians instead. Taxes revenue goes down, Neo-liberal orthodoxy says 'cut back services' never get the money 1/

The Captain3

Glad to see him laying a blueprint for what a dem potus can do in 2029

Brent Sirviö3

Sounds like *gasp* fiscal conservatism the way it should be.

LoloBean2

Cool. Ride subway much? Watch your step.

Doremus Jessup2

So all the people who said he would usher in a communist Muslim sharia law hellscape were wrong!? Someone should let them know. They’ll probably want to apologize. 🤣

CC2

“Governor Kathy Hochul, in partnership with the state legislature, has secured an additional $4 billion in gap-closing support.” abc7ny.com/post/mayor-m...

Greg Rank2

good. While the budget is officially balanced for the current fiscal year without using rainy day reserves, fiscal watchdogs and City Comptroller have warned that the plan relies heavily on one-time measures and short-term fixes, projecting significant budget gaps for future years (2028–2030)

FessorFrink2

As someone born in NYC, I'm also proud of what Mamdani has done in such a short time with great effectiveness. This may also blunt the eventual NYPD and MSM pushback.

javiercenizo.bsky.social2

Well… Bravo for the new mayor. It was about time, someone came up and fix the broken mess others haven’t been able to repair. Kudos to Mamdani !!

KB2

He is this current regimes worst nightmare. An effective leader in government working for the people and delivering on his promises. All while exuding joy with a smile on his face. It’s amazing to see

Kenny2

I forgot what a competent politician looks like.

mssysass.bsky.social2

So much for centrist peddling abundance.

Just 1/8Billion2

Now if only voters will realize that *we* get the government *we* elect and then actually elect the better candidates. I'm skeptical American voters are up to understanding this task though.

Carson Armstrong2

I really hope we see a wave of progressivism across the country. It's not just idealistic. It's practical, it works, and it's clearly superior to the mess happening in the White House.

@grcflwlkr2

I hope it’s true. I hope it lasts.

Clive Warner2

Please send him over to England and get him to be Labour's new leader. They are in desperate need of someone with principles.

laart202

I’d make him POTUS tomorrow, if I could. 🙌🏼🙌🏼

Proto-Future out of context2

This is why radical progressive socialists are better than centrist democrats.

fullyjaded.bsky.social2

Public service, what a concept

Mauisrf72

This is the road all Democrat politicians must go down follow the leader it’s doing what Mamdani is doing that wakes people up to what party is really there for them republicans are all about a false narrative never do anything for us the people

SvenViking2

It’s possible, if the goverment is not marinated in incompetence and fraud.

LPix222

THIS is why THEY do not like him! He gets sh*t done! And he is able to actually do things for WE THE PEOPLE!!

athingtosay.bsky.social2

This must be such a killer for all those Richie’s claiming tax the rich is a bad idea.

hazelita.bsky.social2

It's insane that this is remarkable. Isn't that what all our leaders are elected to do?

diggersurvives.bsky.social2

He’s the real deal & can wrote the playbook for Dems. If only they listen

WorldFamous Jim2

I'm not fully up to speed on NYC, but I remember a lot of people arguing (or predicting, warning, complaining, etc) that Mamdani's plans would cause a massive, rapid exodus of millionaires & billionaires from the city. Sounds like that didn't happen?

Skye
@simplyskye.bsky.social

Zohran Mamdani has fully balanced New York City’s $12 billion deficit — an uncomfortable reminder to the political establishment that governments can, in fact, function when taxpayer money isn’t funneled toward lobbyists wealthy benefactors

New York City Mayor Zohran Mamdani speaks about the fiscal year 2027 budget in New York City on May 12, 2026. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)
739814h ago
Dave Robbins120

The GOP and the media have always been gaslighting when it comes to which party is more fiscally responsible and better for the economy, as well as for the middle class. Since FDR, that party has been the Democratic Party.

Formerly Optimistic Colts Fan90

If he keeps this up, he better up his security detail budget. There is nothing the corrupt establishment hates more than an honest politician. They’ll protect their fiefdom’s at all costs.

Jon Rademacher86

Establishment politicians: This is a much more complicated... Mamdani: Done. What next?

VagabondVisions40

In my lifetime since 1975, at the Federal level, Democrats are better for deficits than Republicans. It's not even close or a contested thing.

Some Guy Named Joe24

Can't wait for every city in the country to demand a socialist mayor like we have in NYC. He's the best.

Fuck this timeline19

“Government of the people, by the people, for the people” -Abraham (woke as fuck) Lincoln

🟧Mis Andrist🟧Queen of Hell 🟧🇺🇸🇺🇦🏳️‍🌈🏳️‍⚧️16

And he's only been in office for what, 5 months? This is a standard that both political parties have failed to reach since Clinton.

urnotkelly.bsky.social16

HEY DNC- this is what we all want- this right here, not whatever you think we want, you are so out of touch, just support people like this!!

PC Sherry🦋9

And when the rich pay their share?

Rioter886

Just like Democrat presidents. They balance the budget then republicans take over and explode the debt and then try to blame it on Dems

MadGreek 🧿6

How soon before he runs for US president?

Iwisha_Beechwood4

This is what happens when you tax the rich.

Brother Grim4

He wasn’t supposed to do that Eric Adam’s had blown it all before he left - the oldest trick in the book - destroy economy, blame incoming Rinse and repeat

kbpiers.bsky.social4

Or being stolen by a corrupt administration building ballrooms arch’s etc to boost a ego maniac

Zen Zinnia3

And when the wealthy pay their fair share.

BonBon🤌3

No wonder the establishment hates him. He's actually working for The People.

tweaker2.bsky.social2

Don't let the facts get in the way.... He came up with 16.67% from taxes and 16.67% from spending cuts (amazing) and $8b (66.67%) from the State of NY by asking for a bail out. Far from "solving" the problem via taxing the rich. That $8b wasn't just laying around- which programs took a hit to help?!

Alea Anjanette2

Trump is engaging in never ending corruption with nothing being said or challenged. Racist Trump Republicans are the American people's problem all day long while taxpayers work hard to thrive. Mamdani & Democrats are not the problem! Who's going to stop Trump & when is the real issue....

Alea Anjanette2

Yea pedophile, rapist Donald Trump & corrupt Republicans are in front of Mamdani & Democrats face stealing, misappropriating funds, using money for whatever he wants, blowing up the deficit & on the verge of getting money from taxpayers for a $1 billion ballroom for his own personal gain.

Bridget 🦋 🐸🌸📎🕊️💙 🇺🇦🇨🇦🌞📚🎶🌍🍀2

This is why establishment politicians are uncomfortable with Mamdani! He shows them how democracy ought to really work!

Aura2

I am a big fan of the stuff Mamdani is doing and I am hoping to see more leftist policies out of him. I'd personally love to see a decriminalisation of sex work and a legalisation/regulation of it. Something that protects people who are in that life - regardless of why they're doing it.

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