"‘Today, after three more months of painstaking work, I am proud to announce that we have closed the gap entirely down to zero. It has not been easy, but we have balanced the budget, and we have done so without placing the burden on the backs of working New Yorkers,’ Mamdani said.
That remaining $5.4 billion has been filled with $4 billion in aid from Albany and $1.77 billion in savings, mostly through efficiencies and not filling vacant positions. Mamdani said he wouldn’t tap into the city’s “rainy day fund” to balance the budget."
it’s slightly more complicated than this because actually (source: i dunno half remembered article a few months ago) the city was paying a bunch of consulting money for dumb mbas to say dumb mba catch phrases, and third party business owners to provide public services taking a cut of the money as profit for no purpose from a budget perspective, to which he said “why? no”
I feel like you just said the same thing I did, but with more specifics.