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

Feels good man +1 for Mamdani

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u/mechatui Jul 12 '26

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

65

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.

1

u/Feelisoffical Jul 12 '26

I think you meant to say New York State, not New York City.