All eyes are on New York City Mayor Zohran Mamdani, who is revealing his first executive budget for the next fiscal year Tuesday.
The plan is expected to include ways to close the city’s multi-billion-dollar budget gap.
The money won’t come from raising property taxes, nor will the Mamdani be tapping into the city’s “rainy day fund” to balance the budget, sources told CBS News New York’s Marcia Kramer.
State helping to close city’s budget gap
New York Gov. Kathy Hochul and Mamdani announced the state secured an additional $4 billion to help with the deficit…