To be fair, NYC has always had a balanced budget. It’s literally required by law.
Though there’s definitely been an increase of social services which is good.
Though I think it’s a misrepresentation to say that money came from taxing rich people more. The bulk of it, if I’m not much mistaken, has been from some creative accounting with the NYC pension system.
This is true, but also Adams left a huge deficit on his way out with must-pays with the sole intention of hurting Mamdani utilizing that requirement as a cudgel. It’s nothing short of impressive that he was able to stick to his values and reverse the damage at the same time.
To be fair, NYC has always had a balanced budget. It’s literally required by law.
Though there’s definitely been an increase of social services which is good.
Though I think it’s a misrepresentation to say that money came from taxing rich people more. The bulk of it, if I’m not much mistaken, has been from some creative accounting with the NYC pension system.
This is true, but also Adams left a huge deficit on his way out with must-pays with the sole intention of hurting Mamdani utilizing that requirement as a cudgel. It’s nothing short of impressive that he was able to stick to his values and reverse the damage at the same time.
Wait. So it’s still bologna? Who could’ve guessed?