How Mamdani and Hochul Are Solving New York City’s Budget Crisis
A generous influx of state resources from Gov. Kathy Hochul and a new tax on luxury second homes will help Mayor Zohran Mamdani balance a $125 billion budget. [Source]
Publication Date:Origin: nytimes.com
Category: Budgets and Budgeting
Topics: Hochul, Mamdani, budget, billion, balance, Zohran, Mayor, homes, second, luxury, Kathy, resources, state, influx, generous, Crisis, Budget, City’s, Solving
Source: https://www.nytimes.com/2026/05/12/nyregion/mamdani-budget-nyc.html