Mayor Mamdani just did the impossible. He closed NYC’s 12B budget deficit without cutting any services or raising property taxes on working New Yorkers. How did he do it? Efficiency, cooperation with Albany, and TAXING THE RICH! 🤑 👏#greenscreen

Mayor Mamdani just released his executive budget and he just did something that politicians have been telling us for decades was impossible. He inherited a $12 billion deficit bigger than anything since the Great Recession and he closed it to zero. No property tax increases, no cuts to services. "I'm proud to announce that our city's budget is fully balanced." How did he pull off this incredible feat? Well, first, he taxed the rich. New York just passed the first PIETA tear tax in the entire country, attacks on non-residents who own a second home worth more than $5 million in the city. That alone raises $500 million a year. He also reduced a tax credit that overwhelmingly benefits millionaires raising another $68 million annually. Working people weren't asked to sacrifice while wealthy out-of-state residents sat on empty multi-million dollar apartments. And as a policy choice, Mayor Mamdani made it. Second, he fixed the relationship with Albany. For years, City Hall and the state were constantly fighting. The Mamdani administration partnered with Governor Hookle and brought in more than $3 billion in state support. Third, he found real savings inside city government. Every single city agency got a chief savings officer for the first time in New York history. They found $1.77 billion in savings, including firing, McKinsey and other outside consultants and bringing that work back in-house. Now let's talk about what his budget prioritizes. Free child care for two-year-olds for the first time in city history, universal child care for three-year-olds, finally, truly universal, a thousand new teachers hired to finally reduce class sizes, $5.6 billion for public housing. That is the most city capital committed to the New York City housing authority in recent history. Libraries, parks, and the city university are finally baseline, meaning they no longer have to fight for their funding every single year, half-priced metro cards for low-income New Yorkers, baseline. And $26 million a year for hate crime prevention. There is so much more great stuff you should really take a look at the whole budget. Y'all, for years we've been told that you can either balance the budget or invest in people, not both. And this budget is proof that that was always a lie and that the answer has always been to make the people at the top pay their fair share. Now let's do it everywhere.