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Tag: NYCBudgetDeficit

img of New York City's $12.6 Billion Fiscal Crisis: A Test of Democratic Principles and Fiscal Responsibility
3 min read
US Politics

New York City Mayor Zohran Mamdani confronts a historic $12.6 billion budget deficit, attributing it to gross fiscal mismanagement by predecessors Eric Adams and Andrew Cuomo, while pledging to raise taxes on the wealthy and improve public efficiency. This staggering fiscal crisis, born from institutional negligence, demands bold action to safeguard the city's democratic foundations and ensure justice for all New Yorkers.