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NYC Lands $125B Budget Deal | Fort Wayne News
New York City just secured a historic $125.8 billion budget deal, avoiding deep cuts and tax hikes while expanding critical services. Mayor Mamdani credits state aid and smart fiscal planning, framing it as a move away from austerity. Key wins include 340,000 more New Yorkers qualifying for half-price transit under Fair Fares, plus $54 million in new funding and expanded housing voucher eligibility. The city also plans housing voucher reforms to boost affordability, following legal hurdles. Governor Hochul’s state support and a proposed tax on second homes by wealthy residents—potentially…
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