Mayor Mamdani, 30 June 2026

In January, our administration inherited a $12 billion budget deficit — a fiscal crisis greater than the Great Recession. ⁰
Today I am proud to announce that our balanced budget has cleared the final step and passed the New York City Council.

We balanced the budget by taxing…

— Mayor Zohran Kwame Mamdani (@NYCMayor) July 1, 2026

… the rich and making government more efficient. We did not balance this budget on the backs of working people, and we never will.

Every year that follows will build on these principles: Honest budgeting. Fiscal discipline. Transparent government. And an unwavering belief that working people deserve a government that delivers for them every day.

This is a lie. You balanced the budget by borrowing billions from the NY state government which pushed back pension payments, so you literally took money from "the backs of hardworking people."

Don’t get it twisted.

— Nick shirley (@nickshirleyy) July 1, 2026

So just to be clear: you “balanced” the NYC budget by taking out an $8,000,000,000 TAXPAYER-FUNDED LOAN? 🤣

THAT’S $8 BILLION — with a B

Are you saying New Yorkers can “balance their budgets” by taking out massive credit card loans? 😂

— Nick Sortor (@nicksortor) July 1, 2026

Yea you really did something -- took other people money pic.twitter.com/EJN9Ndv1pL

— Texasgaslightalarm (@Texasgaslight56) July 1, 2026