"Come Jan. 1, Mayor-elect Zohran Mamdani will see which way the winds of Albany are blowing. Will tailwinds propel or will northerly headwinds off the Hudson buffet the young mayor? He bet big on an ambitious affordability agenda during the mayoral campaign, and won but now Mamdani will need to convince officials in Albany to fund his various campaign promises including a rent freeze on 2 million rent-stabilized apartments, the elimination of bus fares, and universal childcare."
"Most recently, Hochul expressed skepticism of Mamdani's plan to eliminate MTA bus fares. I cannot set forth a plan right now that takes money out of a system that relies on the fares of the buses and the subways, Hochul told NY1 while in Puerto Rico for the annual SOMOS conference. But can we find a path to make it more affordable for people who need help? Of course we can."
Zohran Mamdani won the mayoralty on an ambitious affordability platform promising a rent freeze for 2 million rent-stabilized apartments, elimination of MTA bus fares, and universal childcare. Funding proposals center on higher taxes for New York’s wealthiest individuals and corporations. City officials lack unilateral tax authority; state legislature and governor control tax policy and funding. Governor Kathy Hochul, who endorsed Mamdani, expressed skepticism about eliminating bus fares and emphasized that transit relies on fare revenue. Implementing fare-free buses would require shifting revenue into city or state budgets through taxation or another funding formula.
Read at www.amny.com
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