Mamdani’s budget has ballooned to nearly $130B — as mayor falls far short of targeted saving cuts

Source: New York Post

The Big Apple’s budget has ballooned to almost $130 billion this year — as the Mamdani administration continues to fall short of its savings goals, officials said Thursday. Mayor Zohran Mamdani announced that the city budget increased by more than $3 billion to $129. 2 billion, according to City Hall’s mid-year financial update, a long-time requirement for officials to balance the budget throughout the year.