Mayor Zohran Mamdani has unveiled his executive budget proposal, which he says closes the city’s multibillion-dollar budget deficit.
“We scoured for savings and demanded greater efficiency from every part of city government. We partnered with Albany, securing billions in new funding and reversing many of the cost burdens that Andrew Cuomo shifted to the city during his time as governor. And we taxed the rich, asking those with the most to contribute a little bit more to support those with the least,” the mayor said at the announcement Tuesday.
Mamdani touted his partnership with Gov. Kathy Hochul.
“For years, the relationship between City Hall and Albany has been defined by dysfunction and infighting. But Gov. Hochul and I share a belief that government works best when we work together on behalf of the people we serve,” he said. “So we have worked together at every step in this process to defend the fiscal health of this city.”
The budget is not final until the City Council votes to approve it.