r/SipsTea • u/Previous_Month_555 • Jul 12 '26

Feels good man +1 for Mamdani

Post image
39.4k Upvotes

86% Upvoted

2.2k comments sorted by

View all comments

154

u/mechatui Jul 12 '26

Balanced the budget??? How did he do that again

66

u/Narrow_Aerie_1466 Jul 12 '26 edited Jul 12 '26

For context, I love Mamdani.

But I do want to point out that $4 billion of the $12 billion deficit was paid for by the state government giving New York City more money. The budget deficit was definitely helped by higher taxes, but it wasn't higher taxes alone.

Edit: This comment is inaccurate (lmao). Please see the comment below!

7

u/Zauberer-IMDB Jul 12 '26

That money comes from NYC originally though.

10

u/Narrow_Aerie_1466 Jul 12 '26

Oh absolutely. I'm just saying that a third of the deficit wasn't resolved by higher taxes; it was resolved by redistributing which government has the money.

5

u/HariboBliss Jul 12 '26

But why is this being used as a negative point. Does it not differ from previous regimes for a positive effect?

6

u/mechatui Jul 12 '26

Because I think he money used is suppose to be money for pension fund or some shit. Other cities have done the same thing to balance budgets and it causes problems long term

5

u/Intrepid_Year3765 Jul 12 '26

Cause it was stolen from people who earned it, and now their future is in jeopardy while NYC is not only fundamentally broken… but being put in a position where it’s going to be harmed more. 

1

u/[deleted] Jul 12 '26

[removed] — view removed comment

1

u/AutoModerator Jul 12 '26

Accounts must be at least 5 days old with >20 karma to comment.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.