"Lamont acknowledged concerns from the finance industry about Mamdani in an interview with Bloomberg Television at the Greenwich Economic Forum. Connecticut serves as a hub to the hedge fund industry and is home to many commuters. "New York City is the financial capital of the world - and we're a big piece of it here," Lamont said. "I want to make sure that the next mayor understands how important New York City is to that system and that's important to Connecticut.""
"Mamdani, a self-described socialist who won the Democratic primary, leads the race on pledges for rent freezes, free child care and open government-run grocery stores. But he's rattled Wall Street, the real estate industry and other segments of the city's business community with his plans to raise taxes on corporations and the wealthy to help pay for his agenda. Lamont said he thinks the finance industry appreciates the stability in Connecticut as well as the state's slightly lower taxes."
Connecticut Governor Ned Lamont expressed concern that Zohran Mamdani winning New York City's mayoralty and enacting his agenda could negatively affect Connecticut's economy and commuters. Lamont noted finance-industry unease and emphasized Connecticut's role as a hedge-fund hub with many commuters to New York. Mamdani campaigned on rent freezes, universal child care and city-run grocery stores, and proposed higher taxes on corporations and wealthy residents to fund those programs. Those proposals have unsettled Wall Street, real estate and other business sectors. Lamont said Connecticut's slightly lower taxes and stability are valued by finance firms and stressed that governors must balance budgets and keep governments running.
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