New York City Mayor Mamdani took office on January 1, 2026. In the first month of his administration, Mamdani announced he had inherited “an enormous budget deficit.” Discussions have now started about how to plug the deficit. Did Mamdani inherit this deficit, or is the deficit the result of his plans for the city? Let’s take a look. Mayor Adams Budget History Mayor Eric Adams took office on January 1, 2022. Throughout his administration, there have been concerns around the... Read more















