Three Months After Taking Office, Zohran Mamdani Declares NYC is in a ‘Budget Crisis’ and Seeks a Bailout From the State (VIDEO)

New York City’s new Democratic Socialist (communist) Mayor Zohran Mamdani is already running out of other people’s money.

Just three months after being sworn in and a campaign full of promises of free this and free that, Mamdani has declared that the city is in a ‘budget crisis’ which he claims is of historic magnitude.

He says that the city needs new forms of revenue, which translates roughly to new taxes, and he wants a bailout from the state.

This is just astounding.

New York City has an annual budget of approximately $120 billion. That’s not enough? He can’t make things work with that kind of money?

NBC News in New York reports:

New York City Mayor Zohran Mamdani and Council Speaker Julie Menin are urging the State to approve a budget that will help fund the multi-billion budget gap that the city is facing — while supporting the State in extending its final budget deadline to June.

Mamdani and Menin appeared Tuesday in the City Hall rotunda to announce a new agreement to lobby for a $1 billion tax rollback and more State aid.

“New York City faces a budget crisis of historic magnitude,” Mamdani said Tuesday during a joint press conference. “We’ve inherited a deficit larger than any since the Great Recession. Years of mismanagement and chronic under budgeting, alongside a structural imbalance between what New York City sends to the State and what we receive in return, have taken a toll. We cannot close this deficit with savings alone. We need new revenue. And we need a structural reset in our relationship with the State. That is the only way to meet our legal obligation to pass a balanced budget and to do so without imposing a financial burden into the backs of working people.”…

On Tuesday, Mamdani voiced support behind extending the State’s budget deadline from this upcoming Friday to June 12 “because the crisis of this scale cannot be solved without State action.”

See the video below:

WARMTH OF COLLECTIVISM UPDATE: Mayor Zohran Mamdani declares a “budget crisis,” asks for a bailout from the state government, and pushes back his deadline for completing the city budget at least 10 days:

“We cannot close this deficit with savings alone. We need new revenue, and… pic.twitter.com/KR0FD5YqbE

— Breitbart News (@BreitbartNews) April 28, 2026

What a stark contrast from Mamdani’s campaign promises. Where’s all the free stuff? Where are the lower rents?

It’s almost like none of that was even possible in the first place.

Good luck, New York. You’ll need it.