In his first Tin Cup Day in Albany on Feb. 10, Mayor Zohran Mamdani pleads with state legislatures to help close a two year budget deficit of $7 billion.
In his first Tin Cup Day in Albany on Feb. 10, Mayor Zohran Mamdani pleads with state legislatures to help close a two year budget deficit of $7 billion. ( Photo: Michael Appleton/ Mayor’s Photography Office)

The mayor revised the projected two-year budget deficit downward from the $12 billion he was predicting only two weeks ago to $7 billion. The city cannot operate at a loss and he is appealing for more help from the state to close the gap including a tax on wealthy earners.

Mamdani Asks State to Help Close $7 Billion Budget Deficit
13 Feb 2026 | 02:37
News

Mayor Zohran Mamdani journeyed to Albany on Tuesay Feb. 10, to plead with lawmakers to send the city more money even as he said the projected two year budget deficit is now projected at $7 billion, down from the $12 billion he was projecting only weeks earlier. Because the city is not allowed to operate...

City Arts
The 72nd edition of the Winter Show at the Park Ave. Armory raises money for East Side House Settlement. The shows executive director Helen Allen (second from left) welcomes past attendees Michael Lynch, Lucinda Ballard, and Daniel Diaz.
The 72nd edition of the Winter Show at the Park Ave. Armory raises money for East Side House Settlement. The shows executive director Helen Allen (second from left) welcomes past attendees Michael Lynch, Lucinda Ballard, and Daniel Diaz. ( Photo: Photo: Deonté Lee / BFA.com)

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For ten luminous days, from January 23 through February 1, the city became a living museum, where the...

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