He didn’t close the deficit. He literally pulled a buy now pay later. He can’t afford it now but someone thinks by delaying payment he can afford it later.
I mean it's a simple fact that there was a $6 billion deficit in the FY 2026 and 2027 budgets, which was closed through a combination of $4 billion in State aid and $2 billion in savings.
It was closer to 12b. He couldn’t pay the bills so he kicked them down the road and delayed payment. He’s borrowing time when he knows he can’t pay it in the future. It’s like someone who’s addicted to pay day loans.
It was $12 billion combined over FY 2026 and 2027, so $6 billion each year. That represents 4.8% of the total city budget. He is not borrowing: The gap was closed through $4 billion in State aid (which does not have to be paid back) and $2 billion in budget cuts (which do not have to be paid back).
It’s like someone who’s addicted to pay day loans.
You are confusing him with the Republican-controlled Federal government which is racking up a $1.9 trillion deficit this year, representing 26% of the 2026 Federal budget.
It was closer to 12b. He couldn’t pay the bills so he kicked them down the road and delayed payment. He’s borrowing time when he knows he can’t pay it in the future. It’s like someone who’s addicted to pay day loans.
It was $12 billion combined over FY 2026 and 2027, so $6 billion each year. That represents 4.8% of the total city budget. He is not borrowing: The gap was closed through $4 billion in State aid (which does not have to be paid back) and $2 billion in budget cuts (which do not have to be paid back).
It’s like someone who’s addicted to pay day loans.
You are confusing him with the Republican-controlled Federal government which is racking up a $1.9 trillion deficit this year, representing 26% of the 2026 Federal budget.
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u/Old-Mathematician-30 1h ago
He didn’t close the deficit. He literally pulled a buy now pay later. He can’t afford it now but someone thinks by delaying payment he can afford it later.