Budget watchdogs see structural crisis behind Mamdani’s spending plan; Council projects $2 billion revenue boost

New York City's fiscal watchdogs warn Mayor Zohran Mamdani's budget relies on one-time measures and accounting maneuvers, exacerbating a structural deficit projected to reach $8.8 billion by 2028. The City Council's economists forecast $2 billion more in tax revenue than the mayor's office, but watchdogs argue the budget fails to address long-term sustainability.