{"id":175334,"date":"2026-03-25T23:02:08","date_gmt":"2026-03-25T23:02:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/175334\/"},"modified":"2026-03-25T23:02:08","modified_gmt":"2026-03-25T23:02:08","slug":"mamdani-admin-only-serves-up-200m-in-savings-far-short-of-1-7b-target-amid-massive-budget-shortfall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/175334\/","title":{"rendered":"Mamdani admin only serves up $200M in savings \u2014\u00a0far short of $1.7B target amid massive budget shortfall"},"content":{"rendered":"<p>Mayor Zohran Mamdani\u2019s administration served up a measly $200 million in proposed savings Wednesday \u2013 far short of his promised $1.7 billion \u2013 as his budget boss got a grilling over the massive shortfall.<\/p>\n<p>Despite not providing the goods, Mamdani released one of his characteristically slick social media videos <a href=\"https:\/\/x.com\/nycmayor\/status\/2036801229322412378\" target=\"_blank\" rel=\"noopener nofollow\">touting how much he\u2019s cutting waste<\/a> by pretending to find excess government money in couch cushions and book shelves.<\/p>\n<p>While facing questions in the real world, Hizzoner still contended that officials had hit the $1.7 billion in cuts he pledged to help close a massive budget gap, but didn\u2019t actually provide any proof.<\/p>\n<p>Mayor Zohran Mamdani announced by a slick social media video that his administration found $200 million it can cut from the city\u2019s budget. @NYCMayor \/ X<\/p>\n<p>He also said New Yorkers may have to wait till the end of April \u2014 when the mayor\u2019s executive budget is due \u2014 to actually see all the savings that were proposed.<\/p>\n<p>The quest for savings comes as Mamdani\u2019s math gurus project the city will have to close an upcoming $5.4 billion budget deficit. <\/p>\n<p>Mamdani, who is pitching a <a href=\"https:\/\/nypost.com\/2026\/02\/17\/us-news\/zohran-mamdani-to-unveil-122b-budget-fueled-by-proposed-nyc-property-tax-hike\/\" rel=\"nofollow noopener\" target=\"_blank\">behemoth $127 billion proposed budget<\/a>, has cast the shortfall as a crisis that requires Gov. Kathy Hochul and state lawmakers\u00a0to <a href=\"https:\/\/nypost.com\/2026\/03\/04\/us-news\/top-ny-dems-will-back-mamdanis-tax-the-rich-push-in-budget-report\/\" rel=\"nofollow noopener\" target=\"_blank\">tax the rich<\/a>. In February, Mamdani even gave the governor a stunning ultimatum: raise taxes on the wealthy or New York City homeowners will face a <a href=\"https:\/\/nypost.com\/2026\/02\/17\/us-news\/zohran-mamdani-to-unveil-122b-budget-fueled-by-proposed-nyc-property-tax-hike\/\" rel=\"nofollow noopener\" target=\"_blank\">9.5% property tax increase<\/a>.<\/p>\n<p>But the socialist mayor has also made moves \u2014 or, according to critics, paid lip service \u2014 toward reining in spending.<\/p>\n<p>He signed an executive order directing each city agency to <a href=\"https:\/\/nypost.com\/2026\/01\/29\/us-news\/zohran-mamdani-borrows-from-doge-playbook-with-cost-cutting-team-as-nyc-scrambles-to-fill-12b-budget-gap\/\" rel=\"nofollow noopener\" target=\"_blank\">appoint a \u201cChief Savings Officer\u201d\u00a0<\/a>to comb through budgets to find a combined $1.7 billion to help plug the hole.<\/p>\n<p>Mamdani has proposed a massive $127 billion budget. AP<\/p>\n<p>Those specially appointed officers were supposed to provide a \u201cpublic report\u201d of their findings by March 20, but the deadline slipped by without a peep. <\/p>\n<p>Instead, Mamdani\u2019s administration officials on Wednesday released a list of minor cuts totaling $200 million, which the mayor summarized in his social media media.<\/p>\n<p>Among the meager cuts were:<\/p>\n<p>TLC cancelling its $20,000 Slack messaging subscription next fiscal year<\/p>\n<p>DOE will save $30.3 million in 2027 by implementing spending caps and canceling \u201cunderutilized\u201d contracts, but offer up no specifics<\/p>\n<p>DOE will also save $27.5 million by creating \u201ccontrols\u201d to curb spending with \u201csupplies, equipment, professional\u00a0development\u00a0and travel\u201d<\/p>\n<p>NYC Emergency Management will switch up software to save $133,000<\/p>\n<p>Health and Hospitals will cut overtime and ramp up collections to save $14.1 million this year and $25.7 million next year<\/p>\n<p>Economic Development Corporation will save $626,000 by bringing marketing in-house<\/p>\n<p>Department of Health and Mental Hygiene will save $1.15 million next year by renegotiating naloxone contract<\/p>\n<p>DOC will save $4.3 million by bringing some contracts in-house as well<\/p>\n<p>City Hall officials refused to release the reports or any more information on the cuts, telling The Post to trust that they have hit their targets.<\/p>\n<p>Hizzoner\u2019s budget director Sherif Soliman took the same approach during his delayed budget hearing with skeptical City Council members, declining to give any more information.<\/p>\n<p>Council Speaker Julie Menin (D-Manhattan) and finance chair Linda Lee (D-Queens) pressed Soliman for the full list of savings, only to be met with squishy half-promises.<\/p>\n<p>Budget chief Sherif Soliman told City Council members that officials \u201cmay opt\u201d to share more cuts. Gregory P. Mango for NY Post<\/p>\n<p>The budget chief did tease that he \u201cmay opt\u201d to share more information about the cuts.<\/p>\n<p>\u201cWe are evaluating. As soon as we have additional updates that are ready to share we may opt to share them,\u201d he said in response to a question from Lee.<\/p>\n<p>Soliman, like the mayor, said the cuts will be identified in the mayor\u2019s executive budget set to be sent to the City Council by April 26.<\/p>\n<p>\u201cThey\u2019ve put forward $1.7 billion in savings, and we are going through all of the different recommendations from the agencies and the departments to approve the number of those recommendations,\u201d Mamdani told reporters during a news conference.<\/p>\n<p>\u201cWe\u2019ve shared some of those approvals, but\u2026 at the time when we release this budget, it will all be public.\u201d<\/p>\n<p>\t\t\t\t\t\t\tStart your day with all you need to know\t\t\t\t\t\t<\/p>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tMorning Report delivers the latest news, videos, photos and more.\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n<p>Councilman Phil Wong (D-Queens) argued Mamdani needed to find much more than $1.7 billion in cuts \u2014 and noted city officials only provided information on roughly 15% of that.<\/p>\n<p>\u201cSome of the items highlighted, including cuts as small as a $20,000 software subscription, raise real questions about the scale of this effort,\u201d he said in a statement. \u201cEven if the full $1.7 billion is realized, it still falls well short of the multi billion dollar gaps projected in the years ahead.<\/p>\n<p>\u201cNew Yorkers deserve transparency. They deserve to know what savings are real, what is recurring, and what is simply being counted as savings.\u201d<\/p>\n<p>Budget watchdogs gave Mamdani credit for working to find savings, but argued he needed to go further.<\/p>\n<p>\u201cThe list is a good start, but it\u2019s just that, a start,\u201d said Andrew Rein, the president of the Citizens Budget Commission. \u201cThe administration will have to go much further than the $1.7 billion target \u2014 and there\u2019s plenty of opportunity.<\/p>\n<p>\u201cThis administration must be as ambitious about government efficiency as it is about affordability. That means real transformation on how we run government, and not spending money that doesn\u2019t help New Yorkers. An efficient government is an affordable one.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Zohran Mamdani\u2019s administration served up a measly $200 million in proposed savings Wednesday \u2013 far short of&hellip;\n","protected":false},"author":2,"featured_media":175335,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7739,34327,57,9,24,55,54,56,63,24945,58,82],"class_list":["post-175334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-budget","tag-budget-cuts","tag-metro","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-nyc","tag-savings","tag-us-news","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/175334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=175334"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/175334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/175335"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=175334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=175334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=175334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}