NYC Council Releases $6 Billion Savings Plan, Mayor Mamdani Calls It 'Unrealistic'

The City Council unveiled a budget proposal claiming to close a $6 billion deficit without raising taxes, cutting services, or using reserves, but Mayor Mamdani criticized it as unrealistic and accused it of forcing service cuts through accounting tricks.

• keptPied-à-terre tax on $5M+ second homes
• brokenCorporate tax hike ($1.75B/year)
• brokenDouble DCWP budget to $135M
• brokenIncrease Human Rights Commission funding to $21M

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