Mark Levine

Rep. Becca Balint described a House Democratic colleague dismissing antisemitism by claiming 'all the Jews are rich.' Jewish Democrats, including Balint, express concerns about rising antisemitism and being excluded for supporting Israel, while advocating for a two-state solution and Palestinian rights.

Mayor Zohran Mamdani's $125.8 billion budget for fiscal year 2027 addresses a $12 billion gap using $8 billion in one-time funds and pension payment delays, but critics warn it creates a projected $7 billion deficit by 2028. Fiscal experts like Comptroller Mark Levine and the Citizens Budget Commission argue the measures shift costs to future taxpayers and fail to resolve structural challenges, while Mamdani claims democratic socialists can outperform capitalist economic management.

Brad Lander, serving as NYC's chief financial officer, did not audit Bhrags Home Care despite being notified of corruption allegations. The non-profit received $68 million in city contracts while its director was later named a mastermind in a corruption scheme. Lander's office approved a contract increase for Bhrags months after learning of the allegations, which critics argue shows negligence.

Mayor Zohran Mamdani and City Comptroller Mark Levine proposed a charter amendment to strengthen New York City's Reserve Stabilization Fund (rainy day fund), aiming to set a 10% tax revenue savings target. The amendment seeks to establish formula-based deposits and withdrawal limits to prevent misuse, addressing a $5.7 billion budget deficit and ensuring fiscal resilience.

NYC Comptroller Mark Levine expressed concerns about SpaceX's fast-tracking into major financial indexes like MSCI Global Standard and FTSE Russell, citing the abandonment of traditional criteria such as seasoning periods and earnings track records. He also highlighted issues with SpaceX's governance structure, where a single individual holds dominant control with limited shareholder rights and no independent board oversight.

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.

Mayor Zohran Mamdani previously supported removing Ed Koch's name from the Queensboro Bridge but has not clarified his current stance. City Council Speaker Julie Menin and others initially backed the renaming but later changed their positions. The Jim Owles Liberal Democratic Club, which opposes Koch's handling of the 1980s AIDS crisis, collected endorsements for the renaming.

New York City Comptroller Mark Levine warned that artificial intelligence could lead to significant job losses in the city, impacting the local economy and job market. He highlighted potential scenarios where AI adoption may cost thousands of jobs in New York.

NYC Comptroller Mark Levine warned that artificial intelligence poses a significant economic risk to New York City, with a 50-50 probability of triggering a recession in the five boroughs. The city needs an additional $6.5 billion in savings to prepare for potential AI-related economic disruption that could impact tax revenue.

New York City is planning to tax luxury second homes at a significant amount to generate $500 million in revenue and help close the city's budget hole. The tax push is part of a new study from the New York City Comptroller's office. The goal is to address the city's financial gap.

New York City Comptroller Mark Levine is advocating for restrictions on using savings to cover budget shortfalls. The proposal focuses on managing municipal finances during fiscal challenges.