If you live in New York City and voted for Zohran Mamdani, I have some bad news for you.

All that free stuff he promised while campaigning isn’t happening.

You see, only four months into his mayorship, Zohran Mamdani has already run out of money.

During a public address on Tuesday, the socialist mayor declared that NYC is in a “budget crisis of historic magnitude” and begged the state for a bailout.

Watch the moment here:

WARMTH OF COLLECTIVISM UPDATE: Mayor Zohran Mamdani declares a “budget crisis,” asks for a bailout from the state government, and pushes back his deadline for completing the city budget at least 10 days:

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“We cannot close this deficit with savings alone. We need new revenue, and we need a structural reset in our relationship with the state. That is the only way to meet our legal obligation to pass a balanced budget.”

Color me shocked.

It’s almost like we didn’t see this coming…

For his part, Mamdani is pinning the blame for NYC’s budget crisis entirely on the previous administration under former Mayor Eric Adams.

He also says he has no plans to cut back on his campaign promises, even though they would require billions more beyond the current amount needed to fix the deficit!

NBC New York reported further:

New York City Mayor Zohran Mamdani and Council Speaker Julie Menin are urging the State to approve a budget that will help fund the multi-billion budget gap that the city is facing — while supporting the State in extending its final budget deadline to June.

Mamdani and Menin appeared Tuesday in the City Hall rotunda to announce a new agreement to lobby for a $1 billion tax rollback and more State aid.

“New York City faces a budget crisis of historic magnitude,” Mamdani said Tuesday during a joint press conference. “We’ve inherited a deficit larger than any since the Great Recession. Years of mismanagement and chronic under budgeting, alongside a structural imbalance between what New York City sends to the State and what we receive in return, have taken a toll. We cannot close this deficit with savings alone. We need new revenue. And we need a structural reset in our relationship with the State. That is the only way to meet our legal obligation to pass a balanced budget and to do so without imposing a financial burden into the backs of working people.”

Mamdani has said in the past that his dire fiscal forecast emerged after a discovery that former Mayor Eric Adams had “poisoned” the budget books by underestimating billions of dollars in recurring expenses.

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Adams slammed Mamdani’s socialist views in his response, saying, “Free is a lie.” The former mayor also said earlier this year that he left the city with $8 billion in reserves.

Meanwhile, Mamdani previously said he would investigate every dollar and ways to spend more efficiently.

However, he told NBC New York he does not plan to revise expectations around executing his campaign promises, which would require billions in additional funding beyond the $12 billion needed to close the gap.

What a dumpster fire.

As they say, the problem with socialism is eventually, you run out of other people’s money!

We tried to warn you, New York…

What’s your opinion?

This is a Guest Post from our friends over at WLTReport. View the original article here.
 

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