Mamdani is proposing a $127 billion budget, up $5 billion from last year. That's a city budget bigger than the state budgets of 47 states. Even the state government of Florida (population 23 million) spends less than New York City's. And the state still managed to attract hundreds of thousands of New Yorkers in recent years.
Mayor Daniel Lurie said Friday that his office will pare back city functions during next year's budget cuts and focus on "core" services like public safety, clean streets, and transit in a bid to shave some $400 million and continue addressing the deficit. The mayor's office said departments are being instructed to reduce the total number of funded programs and services, stop new hiring, review all contracts for potential savings and reduce administrative costs.
The Tory leader told her party's conference that in England and Northern Ireland she would abolish the tax that new buyers have to pay on house purchases over 125,000. The Conservatives calculate that this would cost 9bn a year to the Treasury. Stamp duty would still apply to additional properties and properties bought by companies, and for purchases by non-UK residents.
Mayor Daniella Levine Cava is considering significant spending cuts and increased fees to tackle a budget deficit exceeding $400 million in Miami-Dade County. The budget proposal is likely to include layoffs and cuts to departments like Parks and nonprofit grants.
Democratic leader Hakeem Jeffries criticized the proposed spending cuts, asserting that "Cruelty is the point," implying that these reductions undermine the U.S.'s international standing.
House Republicans propose a $900 billion spending cut plan focusing on Medicaid reform and the elimination of climate change initiatives from previous legislation.
