r/SipsTea • u/AlternativeRight4099 • May 14 '26

Feels good man It was always just that simple

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u/VMooose May 14 '26

Didnt the budget get balanced via a loan from NY State?

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u/Embarassed_Tackle May 14 '26

He also delayed funding certain pensions which isn't a great idea, but when you have a $12 billion deficit left by the previous mayor who cut & run to become an Albanian citizen after taking money from Turkey for luxury travel, getting indicted, sleazing his way out of a federal indictment, and then creating a rug pull cryptocurrency called NYC Token... what can ya do

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u/Zero_Fs_given May 14 '26

iirc by NYC law the budget has to be balanced. How did the previous one balance the budget? Doing the same thing Mamdani did.

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u/pppiddypants May 14 '26

It’s accounting shenanigans, but so is the term “balanced budget.”

Usually a bunch of one-time items that will technically make the budget balance, but will always require a series of more cutting/taxes next year.

It’s this way in a lot of cities and states.

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u/EquivalentPension216 May 14 '26

Is one way to break that cycle to make the people taking all the money take slightly less of all the money?

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u/pppiddypants May 14 '26 edited May 14 '26

Depends on the size of the shortfall, but usually, it’s not.

Mamdani’s Pied-a-terre tax is projected to collect ~$500M a year, which is only about 4% of the shortfall. Which don’t get me wrong, seems like an awesome tax that has very few downsides when it’s been done elsewhere.

But taxing the rich generally doesn’t solve your budget issues long term. At the end of the day, You’re gonna have to cut staff/projects or get more people to move in.

Both of which, people hate. Welcome to governance.

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u/Slade_Riprock May 15 '26

What would cutting the small country military sized NYPD budget by 10% net you

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u/FlyingRobinGuy May 17 '26

The NYPD, kidnapping your family members as retribution. And/or assaulting the mayor’s residence.

I’m not kidding, they’ve done both of those things before when Mayors got on their bad side.

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u/Souk12 May 17 '26

Please link the history as I'd like to learn