{"id":9199,"date":"2026-05-11T22:11:16","date_gmt":"2026-05-11T22:11:16","guid":{"rendered":"https:\/\/8657085.xyz\/?p=9199"},"modified":"2026-05-11T22:11:16","modified_gmt":"2026-05-11T22:11:16","slug":"mamdanis-big-nyc-budget-will-include-placeholder-funding-because-of-dem-fueled-delays","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=9199","title":{"rendered":"Mamdani&#8217;s big NYC budget will include &#8216;placeholder&#8217; funding because of Dem-fueled delays"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div>\n<p>He\u2019s being placeholder-ed in an awkward position.<\/p>\n<p>Mayor Zohran Mamdani could be forced to release his executive budget Tuesday with \u201cplaceholder\u201d estimates on key sources of revenue, after he tried to rely on dysfunction-riddled Albany to reach a deal on its own spending plan and bail him out the Big Apple, insiders revealed.<\/p>\n<p>The potential fill-in-the-blanks city budget plan is exactly what Mamdani tried to avert when he delayed its release from May 1 in hopes that Gov. Kathy Hochul and state lawmakers would reach a deal on its own long-delayed budget and give the city a windfall of new tax revenues. <\/p>\n<p>Instead, Hizzoner watched helplessly as legislators last week embarrassingly swatted down Hochul\u2019s premature claim to have reached a deal with her fellow Democrats in charge of state government \u2014 leaving the city in the lurch on major funding questions.<\/p>\n<p>\u201cThis is a joke played on New Yorkers by the governor to make it appear all is well when it is not,\u201d said Hank Sheinkopf, a longtime Democratic consultant. <\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Mayor Zohran Mamdani is due to release his executive budget Tuesday. <span class=\"credit\">Luiz C. Ribeiro for NY Post<\/span><\/figcaption><\/figure>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>One major likely guesstimate would be how much money a pied-\u00e0-terre tax, or levy on luxury second homes, will bring the city as the mayor hopes to close a reputed $5.4 billion budget shortfall.<\/p>\n<p>The tax jointly proposed by Mamdani and Hochul \u2014 which would apply to second homes worth at least $5 million \u2014 is a sticking point in state budget talks.  <\/p>\n<p>Officials with the governor\u2019s and mayor\u2019s offices estimate the tax could generate an additional $500 million.<\/p>\n<p>But the city comptroller\u2019s office recently poured cold water on the prediction, arguing it could net somewhere between $340 and $380 million dollars, depending how certain exclusions are calculated.<\/p>\n<p>The exact scope of how the program would work and how these exemptions would be calculated has not been shared publicly.<\/p>\n<p>Other experts have pointed out how the tax could drive investment outside of the Empire State \u2014 following the lead of billionaire Ken Griffin, who pulled local jobs and investment after Mamdani targeted him in a \u201cTax the Rich\u201d social media video filmed outside his apartment.<\/p>\n<p>Hochul, while spiking the football on her yet-to-be-agreed-to state budget deal\u2019s $4.5 billion in funding for childcare, crowed about her \u201cgreat level\u201d of cooperation with City Hall.<\/p>\n<p>Cooperation, however, hasn\u2019t led to any details on how the tax would work \u2014 with Hochul only providing a dictionary definition of it to reporters.<\/p>\n<p>\u201cIt\u2019s been a decision that there will be a pied-\u00e0-terre tax on on high-net worth individuals\u2019 second homes,\u201d she said. <\/p>\n<p>\u201cThese are people who are not New Yorkers, who\u2019ve bought the real estate here for either just investment or to drop in a couple times a year.\u201d<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Gov. Kathy Hochul last week prematurely announced a state budget deal. <span class=\"credit\">Matthew McDermott for NY Post<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The pair have pushed a new tax on luxury second homes.<\/figcaption><\/figure>\n<p>Some insiders were puzzled that Mamdani shackled himself \u2014 and the city\u2019s budget \u2014 to the outcome in Albany.<\/p>\n<p>Bill Cunningham, a veteran Democratic operative who worked for former mayor Michael Bloomberg, said past City Halls didn\u2019t care about the state budget deadline.<\/p>\n<p>\u201cWe put the city budget out for a reason,\u201d he said. \u201cIt told everybody in Albany where the city was, what it needed, and that how you start trying to negotiate.<\/p>\n<p>\u201cThe idea that you\u2019re gonna keep holding back and not putting out details or items you could expect form the state \u2014 it puts you in a very weak position.\u201d<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Mamdani needs Albany\u2019s approval for his tax-the-rich plans. <span class=\"credit\">Mayor Mamdani\/X<\/span><\/figcaption><\/figure>\n<p>Cunningham also noted continuing confusion over how to put a pied-\u00e0-terre tax into place.<\/p>\n<p>\u201cThey don\u2019t even know which property would fall under it,\u201d he said. \u201cThat\u2019s how convoluted the city tax structure is.\u201d<\/p>\n<p>City Hall officials didn\u2019t respond to a request for comment.<\/p>\n<\/p><\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; 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display:grid; place-items:center;\">\r\n\t\r\n<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114303\" data-width=\"125\" data-height=\"125\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114303});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u7ad6\u680f\uff1a160\u00d7600 \u6574\u5217\u9ad8\u5e7f\u544a -->\r\n  <div style=\"grid-row:3\/8; height:600px;  display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114301\" data-width=\"160\" data-height=\"600\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114301});<\/script>\r\n<!--JuicyAds END-->\r\n  <\/div>\r\n\r\n<\/div><br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2026\/05\/11\/us-news\/mamdanis-big-nyc-budget-will-include-placeholder-funding-because-of-dem-fueled-delays\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>He\u2019s being placeholder-ed in an awkward position. Mayor Zohran Mamdani could be forced to release&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[349],"tags":[152,30,1683,9394,547,7147,2078,379,9393],"class_list":["post-9199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-big","tag-budget","tag-delays","tag-demfueled","tag-funding","tag-include","tag-mamdanis","tag-nyc","tag-placeholder"],"featured_image_urls":{"full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965.jpg",1200,799,false],"thumbnail":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-150x150.jpg",150,150,true],"medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-300x200.jpg",300,200,true],"medium_large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-768x511.jpg",640,426,true],"large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-1024x682.jpg",640,426,true],"1536x1536":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965.jpg",1200,799,false],"2048x2048":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965.jpg",1200,799,false],"covernews-slider-full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-1115x715.jpg",1115,715,true],"covernews-slider-center":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-800x500.jpg",800,500,true],"covernews-featured":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-1024x682.jpg",1024,682,true],"covernews-medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/newspress-collage-06jjm5g2e-1778534999965-400x250.jpg",400,250,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/8657085.xyz\/?author=1"},"category_info":"<a href=\"https:\/\/8657085.xyz\/?cat=349\" rel=\"category\">Blog<\/a>","tag_info":"Blog","comment_count":"0","_links":{"self":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/9199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9199"}],"version-history":[{"count":0,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/9199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/media\/9200"}],"wp:attachment":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}