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

2026-11-12 22:12 • ;Craig McCarthy
Mayor Zohran Mamdani announced Thursday that the New York City budget increased by more than $3 billion to $129.2 billion, according to the mandated mid-year update, a long-time requirement for city officials to balance the budget throughout the year.
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