Mamdani presses NYC Council to drain city’s rainy day fund – setting up budget fight with Speaker Menin

Source: New York Post

Mayor Zohran Mamdani is pressing the City Council to drain the Big Apple’s rainy day fund — setting up a showdown with Speaker Julie Menin, The Post has learned. The Mamdani administration formally requested that the council amend the city’s current spending plan to allow siphoning $980 million from a savings fund created under Mayor Bill de Blasio in 2021. The fund currently has $2 billion, and city officials have never tapped into it — even during the COVID pandemic and the migrant crisis.