Higher taxes and reckless spending: Welcome to Mamdani’s NYC

Published February 20, 2026 5:27am ET



New York City Mayor Zohran Mamdani is quickly going to remind New Yorkers that electing a communist means much higher taxes and uncontrolled spending.

Mamdani’s budget proposal for fiscal 2027 totals $127 billion in spending. That is about $11 billion more than last year’s budget. It is also about $10 billion more than the budget for the state of Florida, which has around 15 million more residents than New York City.

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