Posted inEconomy
As Mamdani Pulls Budget Rabbit From Hat, Watchdogs Fret Over ‘One-Shots’
The mayor’s use of one-time cash infusions sets the table for a renewed fight over taxing the wealthy next year.
Greg David
Greg David is a contributor and Ravitch fiscal and economics reporter at THE CITY. He spent 35 years at Crain’s New York Business as editor, editorial director and a columnist. He is also the director of the business and economics reporting program at the Craig Newmark Graduate School of Journalism at CUNY as well as the Ravitch Fiscal Reporting Program.
Posted inEconomy
Dreams of a World Cup Bonanza Turn Dark on Empty Hotel Rooms, High Transit Costs
FIFA predicted the New York area would take in $3 billion from the World Cup. But some official estimates say the city could lose money on the world’s biggest sporting event.
Posted inEconomy
How Many NYC Jobs? State SNAFU Brings Confusion
A new analysis says the state labor department miscounted job gains, making it impossible to tell if New York is shedding employment.
Posted inEconomy
Mamdani’s ‘Economic Justice’ Deputy Wants a Bigger Pie
In a dramatic shift, Deputy Mayor Julie Su says progressive policies will lift New York City’s economy.
Posted inPolitics
Big Business Fears Mamdani. Its Workers Gave Him Big Bucks.
Nearly 2,000 employees at member firms of the big business Partnership for New York City donated to Zohran Mamdani’s mayoral campaign — while CEOs spent millions opposing him.
Posted inEconomy
Mamdani’s Municipal Grocery Faces Basket Full of Challenges
Despite paying zero rent, the mayor’s Manhattan supermarket may struggle to deliver low prices, experts say.
Posted inEconomy
Never Mind Mamdani: Wall Street Doubles Down on NYC
Record jobs and fat real estate leases make finance the No. 1 industry again.
Posted inEconomy
Job Losses and Wall Street Woes Cloud NYC’s Economic Outlook
New jobs numbers are front and center as Albany and City Hall wrangle over tight budgets and Mayor Mamdani’s push for tax increases.
Posted inZohran Mamdani
What the Warnings About NYC’s Bond Rating Do and Don’t Mean
The impact and costs are much lower than have been previously reported.
Posted inTrump Administration
Immigration to NYC Plummeted as Trump Crackdown Took Hold
The city’s overall population remained flat, as international arrivals dropped by 70%.