NYC Mayor Mamdani Releases $124B Budget without Cutting Services for Everyday New Yorkers

News24USA.Com Desk, New York – On Tuesday afternoon, Mayor Mamdani announced that the $12 billion budget deficit left by the Adams administration will be closed. New Yorkers will not face cuts to essential services like libraries, schools, parks, and affordable housing. In response to the Mayor’s budget announcement, Fahd Ahmed, Executive Director of DRUM Desis Rising Up & Moving, released the following statement: “A Mayor committed to working class New Yorkers, partnered with robust movements, filled a $12 billion budget gap left behind by the previous administration. For the first time in decades, we are seeing that despite resistance from Albany, a mayoral administration with a will to deliver can make things happen through cost saving solutions, a pied-à-terre tax on the rich, and without cutting essential services. We don’t need to be stuck with annual political games around funding of libraries and schools. In a time of unprecedented corporate profits, tax cuts for billionaires on the federal level, and economic uncertainty for working people, Albany must tax the rich.” Press Release