You can’t say we didn’t warn New York what was going to happen if it elected Zohran Mamdani, but I gotta say, I don’t think anyone predicted it would start collapsing so quickly. But, alas, it has. That socialist utopia that Mamdani was supposed to deliver has instead turned into a slow-motion fiscal catastrophe a mere two months in — and even the liberal media is starting to notice.
Mamdani unveiled a $127 billion budget for fiscal year 2027 this week — a staggering $5 billion increase over the prior year.
But what’s $5 billion between socialists, right?
To put that into perspective, Mamdani’s proposed budget is actually larger than the budgets of 47 U.S. states, including Florida, which has nearly twice the population. And somehow, it still isn’t enough. The city is staring down a $5.4 billion deficit, with the real gap potentially closer to $12 billion when you do the actual math.
So what was his plan? Tax someone else.
Mamdani went straight to Albany looking for a handout, demanding that Gov. Kathy Hochul raise taxes on the “ultra-wealthy” and the most profitable corporations. When Hochul told him to pound sand and cut spending instead, he obviously couldn’t do that, and now he is looking at saddling homeowners with a 9.5% property tax hike.
Hellbound and Down 