How Zohran Mamdani’s ignorance could drive New York to ruin

Finanțe și Bănci

Riding a wave of surplus tax revenue generated largely by a finance-sector boom that won’t last forever, Gov. Kathy Hochul is continuing to spend like there’s no tomorrow. The $260 billion state budget she presented last week contains plenty for New York City, including increased child-care funding, renewed state support for cops in subways and added transit capital. Despite the much-hyped threat of federal aid cuts, the state’s core Medicaid budget will continue bursting at the seams — much of

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