NYC's 'historic' deficit hides what Mamdani won't say about revenue

BULL CASE

Mamdani's housing enforcement generated $2.1M from one Bronx landlord case in March — aggressive collection pays long-term.

BEAR CASE

Mamdani rejected 5,000 new police hires despite record budget — Sky News called it fiscal mismanagement in February.

GLOBAL MARKETS

Municipal bond markets price NYC as bellwether for US urban fiscal risk as federal tax enforcement declines.

Hidden Truth

Hidden truth: NYC's deficit is 'historic' partly because federal IRS enforcement decline forces expensive local collection — new model untested.

Should NYC prioritize housing enforcement over police expansion to balance its budget?

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