Mamdani Plan to Extend NYC Pension Payments Will Cost $5 Billion (opens in new tab)

(Bloomberg) -- New York City Mayor Zohran Mamdani’s plan to extend the timetable to pay off the city’s pension debt will free up money in the near term to close a yawning budget deficit.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadEx-President Biden Sues to Stop DOJ Sharing Interview TapesRussia Tells US to Evacuate Its Diplomats and Citi