New York State Uses Moonbat Math to Balance Books for Mamdani
Mamdani won’t spend New York City into bankruptcy with his socialist looting spree; he will spend New York State into bankruptcy.
The New York Post reports:
Mayor Zohran Mamdani unveiled a whopping $124.7 billion executive budget for New York City on Tuesday – built on the back of $4 billion in funny money from Gov. Kathy Hochul. …
The supposed state assistance largely consisted of kick-the-can measures delaying massive spending, namely a move to restructure $2.2 billion in pension plan payments.
Oh, you were counting on the state to pay for your retirement? That might not work out so well.
Albany cannot afford to pick up Mamdani’s tab:
Another measure that pushes back a mandate for maximum school class sizes was counted by the governor’s office as $508 million in state support, even though it just delayed when the city will have to pick up a costly tab.
A bailout tally provided by Hochul’s office also included a $500 million windfall from a pied-à-terre tax on luxury second homes – despite the levy being still on the drawing board and city Comptroller Mark Levine arguing the revenue estimate is roughly $200 million too high.
Too bad the Empire State can’t just print the money. That’s why Democrats need to secure power at the national level.
On a tip from Wiggins.
The post New York State Uses Moonbat Math to Balance Books for Mamdani appeared first on Moonbattery.
Source: https://moonbattery.com/new-york-state-uses-moonbat-math-to-balance-books-for-mamdani/
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