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Mayor Finds Fiscal Common Ground | Real Estate News
Mayor Mamdani and city finance leaders are finding surprising alignment as they present a surprisingly strong fiscal picture—thanks to Wall Street gains and a rebounding real estate market, with big corporations snapping up space in Lower Manhattan. While the mayor toned down his usual spending rhetoric, he did praise the governor for the pied-à-terre tax win—and quietly took credit for expanding the costly CityFHEPS housing program, now under his watch for stabilization. Meanwhile, the city is boosting its rainy day fund and pushing for $1.5 billion in annual savings through a 2.5%…
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