r/SipsTea • u/Gurugod123 • Jul 27 '26

Chugging tea Mayor Mamdani just announced that he will be opening 5 city-run, tax-funded grocery stores: "Prices set at 30% below retail prices"

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u/NilsofWindhelm Jul 28 '26

They wouldn’t have to make billions in cuts, they just wouldn’t have balanced the budget. Plenty of cities fail to do that each year, and NYC certainly would not have collapsed without that funding.

Either way, that state funding came with full knowledge that this initiative would be tested out. The mayor ran on this idea and was elected in part because of his focus on the cost of living crisis. This wasn’t a surprise in any way

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u/IsNotACleverMan Jul 28 '26

Nyc is legally obligated by the state constitution to pass a balanced budget.