$124 Billion Mamdani Budget Leaves City Reserves Intact (opens in new tab)

Mayor Zohran Mamdani will present a more than $124 billion budget proposal that doesn’t raid city reserves and takes a property tax hike off the table after he found more savings and revenue, according to people briefed on the matter. His executive budget proposal, initially scheduled for May 1, was late due to the state […] The post $124 Billion Mamdani Budget Leaves City Reserves Intact appeared first on THE CITY - NYC News.