There were some state budget developments this week, but we definitely didn’t get the white smoke we were expecting.
While our own state budget remains in bureaucratic purgatory, now 45 days past the April 1 deadline, New York City Mayor Zohran Mamdani unveiled his $124.7 billion budget, complete with an additional $4 billion bailout blithely signed off on by Gov. Kathy Hochul.
This does not come as a surprise. It’s all part of Democrat-led leadership saying what it has to say—i.e., Mayor Mamdani’s performative threats to raise property taxes by 10% and exhaust reserves to fill his looming budget gap—before ultimately doing what they were always going to do: Have Albany bail out the city…