The proposal – $3 billion less than the preliminary version – focuses on fully funding existing city programs and avoids raising property taxes as Mamdani had previously suggested.

Mamdani’s $124.7 billion NYC budget closes a major gap with state aid, a pied‑à‑terre tax and pension shifts that could affect the city’s finances and business climate.

New Yorkers could soon face higher ambulance bills, steeper permit costs, and more traffic tickets under Mayor Zohran Mamdani’s first

But it came at the cost of easing back on some promises on rental aid and class sizes. While campaigning for mayor, Mamdani said he wanted to continue expanding New York's homeless program, the City Fighting Homelessness and Eviction Prevention Supplement.

New York City Mayor Zohran Mamdani is being criticized for his decision not to participate in an annual Manhattan parade celebrating Israel, with one state lawmaker calling the move an "insult" to the city's Jewish community.

The new group, which will be led by Jim Walden, a lawyer who ran for mayor last year, will run attack ads and be prepared to sue the Mamdani administration.

Mayor Zohran Mamdani has made recent efforts to reach out to Citadel CEO Ken Griffin, according to several sources, but the CEO appears in no mood to speak to Mamdani and may be holding out for a public apology.