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‘A Historic Challenge,’ Mayor Mamdani Blames Adams, Cuomo for $12B NYC Budget Crisis

Mamdani blames a $12 billion deficit on Adams' underbudgeting and Cuomo-era revenue cuts while pledging no cuts to social services and urging tax hikes on the wealthy.

CITY HALL — Mayor Zohran Mamdani sounded the fiscal alarm Wednesday saying that New York City is facing a $12 billion budget crisis that he largely blamed on two former elected officials.

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redthreadnews.net broke the news in on Wednesday, January 28, 2026.
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