"Mayor Zohran Mamdani signed an executive order Thursday morning mandating that each city agency designate a chief savings officer to review performance, eliminate waste and streamline service delivery. Michael Appleton/Mayoral Photography Office Thursday, Jan. 29, marked the 29th day of Zohran Mamdani's term as mayor. amNewYork is following Mamdani around his first 100 days in office as we closely track his progress on fulfilling campaign promises, appointing key leaders to government posts, and managing the city's finances."
"The order came a day after Mamdani pointed the finger at former Mayor Eric Adams for a gaping $12 billion city budget deficit, which Mamdani says is the result of Adams' fiscal negligence. The mayor emphasized that budget cuts are a last resort and that the city will first focus on lower-impact belt tightening. We do not want to be cutting the services that New Yorkers are relying on, Mamdani said."
"Announcing the deficit on Wednesday, the mayor emphasized that the city had not seen such a deficit since the Great Recession. He also blamed a longtime imbalance between city and state contributions, which he said dated back to former Gov. Andrew Cuomo's time in Albany. Mamdani said the city contributes roughly 54.5% of state revenue but receives roughly 40% of state spending, tallying to an estimated $8 billion annual gap."
Zohran Mamdani signed an executive order requiring every city agency to designate a chief savings officer within five days to review performance, eliminate waste, and streamline service delivery. The order aims to identify lower-impact savings before pursuing service cuts as the city prepares to close a reported $12 billion deficit. Mamdani attributed the shortfall to fiscal negligence under the prior mayor and to a longstanding imbalance between city contributions and state spending dating back to the Cuomo era. The city contributes roughly 54.5% of state revenue while receiving roughly 40% of state spending, creating an estimated $8 billion annual gap.
Read at www.amny.com
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