Mayor Mamdani Declares That New York Has A "Budget Crisis"
/One of the first tasks that a new Mayor has in New York City after taking office is to present a budget. Given that an annual New York City budget is well north of $100 billion, you would think that this is a serious undertaking. But our new Mayor is the 34-year-old play-acting college socialist Zohran Mamdani. How does he handle the task?
Mamdani kicked the process of with a press conference at City Hall on January 28. Here is a transcript and video of his remarks. Excerpt:
I want to speak directly to New Yorkers, who have for too long been misled and misinformed about the true state of our City's finances. I will be blunt: New York City is facing a serious fiscal crisis. There is a massive fiscal deficit in our City's budget to the tune of at least $12 billion. We did not arrive at this place by accident. This crisis has a name and a chief architect. In the words of the Jackson 5, it's as easy as A-B-C. This is the Adams Budget Crisis.
Yes, there is a “serious fiscal crisis,” featuring a looming deficit of some $12 billion, all of which is entirely the fault of our prior Mayor (Eric Adams). And what is the underlying cause of this “crisis”?
