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Home – New York Politics & News – Mamdani’s ‘Balanced’ Budget Relies On Gimmicks, Bailouts, and Borrowed Time

Mamdani’s ‘Balanced’ Budget Relies On Gimmicks, Bailouts, and Borrowed Time

New York City’s budget crisis has been solved. Socialism finally works. Hooray.

That’s the not-too-believable message from Mayor Zohran Mamdani on Tuesday, who assured voters that despite all they’ve heard about socialism running out of other people’s money, he’d finally gotten around that inconvenient problem.

Weeks after warning that New York City faced a “historic” budget crisis and delaying its mandatory submission, Mamdani suddenly announced that he was “proud” to say that the problem was solved.

When we came into office, we uncovered a $12 billion budget deficit.Today, I’m proud to say we brought it down to zero.We didn’t close the gap on the backs of working people.We closed it while funding parks, libraries, safer streets and making historic investments in public… pic.twitter.com/TbNu6fhvjs— Mayor Zohran Kwame Mamdani (@NYCMayor) May 12, 2026

When we came into office, we uncovered a $12 billion budget deficit.Today, I’m proud to say we brought it down to zero.We didn’t close the gap on the backs of working people.We closed it while funding parks, libraries, safer streets and making historic investments in public… pic.twitter.com/TbNu6fhvjs

“When we came into office, we uncovered a $12 billion budget deficit. Today, I’m proud to say we brought it down to zero,” Mamdani announced triumphantly on X.

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