Mayor Zohran Mamdani has painted himself as the unfortunate victim of a historic budget crisis, but he really should be counting his lucky stars. New York City has a big spending problem, but not a revenue problem. Yet that could change soon — warning signs are already flashing. Mamdani isn’t confronting an external economic shock like a recession, 9/11, the financial crisis or COVID-19. Wall Street is doing fine; the taxes on its stellar bonuses made $5 billion of the city’s budget gap

Tag-uri: Coronavirus