How much would Democratic Socialist Mamdani's agenda cost New York City taxpayers?

"The price tag for New York City mayoral candidate Zohran Mamdani's sweeping progressive agenda could be staggering, and taxpayers in the Big Apple may soon feel the impact if he wins next month's election. The Democratic socialist has proposed billions of dollars in new spending, including for housing, social services and new city departments. Among his most ambitious ideas is universal childcare, which his campaign estimates could cost $6 billion a year, the New York Times reported."

"Mamdani has also proposed $788 million annually to freeze transit fares and make all city buses free, along with $726 million a year to upgrade schools with heating, cooling and solar panels, according to his campaign. Other initiatives include $455 million to create a "Department of Community Safety," $165 million for "immigration legal defense services," $315 million for public school renovations over ten years and committing 0.5% of the city's budget to libraries, according to the Mamdani campaign."

Zohran Mamdani proposes billions in new annual spending for housing, social services, and new city departments, including universal childcare estimated at $6 billion yearly. The plan would freeze transit fares and make buses free at $788 million annually, and invest $726 million each year to upgrade schools with heating, cooling, and solar panels. Additional items include $455 million for a Department of Community Safety, $165 million for immigration legal defense, $315 million for school renovations over ten years, and committing 0.5% of the budget to libraries. The proposal aims to raise about $10 billion annually through higher corporate and millionaire taxes and improved revenue collection and auditing.

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