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Don’t Count on Wall Street or Rainy Day, Budget Watchdogs Tell Mamdani

The Cityby Greg DavidMarch 11, 2026

Mayor Zohran Mamdani is getting praise for presenting a budget that estimates expenses more accurately than his predecessor, Mayor Eric Adams. But his plan to balance that budget — which anticipates a Wall Street-driven boost to tax revenues, possible draw-downs of the city’s reserves and an across-

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