Warmth of Collectivism Mamdani Declares ‘Historic’ Crisis After Blowing Deadline, Pushes State Bailout
New York City Mayor Zohran Mamdani has declared a 'historic' budget crisis after missing a statutory deadline, citing a $5.4 billion deficit and blaming the prior administration. He is pushing for a state bailout, proposing tax increases on pass-through entities and rejecting spending cuts. Governor Kathy Hochul has rejected the request, emphasizing existing state aid and urging fiscal discipline. The city's budget submission has been delayed to May 12 as tensions mount between city and state leaders.
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Warmth of Collectivism Mamdani Declares ‘Historic’ Crisis After Blowing Deadline, Pushes State Bailout By Ben Smith | 9:52 PM on April 28, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Angelina Katsanis New York City's self-described democratic socialist mayor, Zohran Mamdani, has made history, just not the kind worth bragging about. Barely months into office, he has blown past a statutory budget deadline for the first time since 2015, declared a fiscal crisis of "historic magnitude," and responded to a $5.4 billion budget gap the way any good socialist would: by asking someone else to pay for it.
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