Just four weeks after being sworn in as New York City’s mayor, Zohran Mamdani delivered a stark warning about the city’s finances — one he said rivals the worst downturn in recent memory.
“I will be blunt. New York City is facing a serious fiscal crisis,” Mamdani said at a press conference on Jan. 28 (1). “There is a massive fiscal deficit in our City’s budget to the tune of at least $12 billion.”
Mamdani squarely blamed his predecessor, former mayor Eric Adams, for the shortfall…