Mayor Zohran Mamdani’s first executive budget proposal pulls off what seems to be a fiscal miracle by closing what in December was projected to be a huge $12 billion budget gap without raising property taxes, dipping into reserves or cutting services. But the budget is hardly a symbol of fiscal rectitude. It relies on billions … Continue reading As Mamdani Pulls Budget Rabbit From Hat, Watchdogs Fret Over ‘One-Shots’