Wall Street’s booming year will not be enough to stave off a financial crisis that Mayor
“Wall Street’s announcement is something that is very encouraging and frankly will be helpful in dealing with a $12 billion fiscal deficit,” Mamdani said in an interview on Bloomberg Television’s Balance of Power on Thursday.
New York City Mayor Zohran Mamdani says the city’s relationship with the state and wealthy corporations has to change. Speaking with Myles Miller on “Balance of Power: Evening Edition,” Mayor Mamdani also discusses President Donald Trump’s plan to cut off federal funding to so-called sanctuary cities, his relationship with New York Governor Kathy Hochul and the economic development of the city. Balance of Power
The financial industry is a key contributor to New York’s tax base, accounting for about 7% of the city’s tax revenue during the 2024 fiscal year. Banks and investment firms have also ...