katero
Jun 24, 2026

Mamdani utters a laughable call for ‘fiscal responsibility’

Mamdani's utters a laughable call for 'fiscal responsibility' Email New York Post Read the Latest on Page Six

Switch between CA and NY editions here.

Edition

Recommended

Skip to main content

Shop now

It’s Prime Day 2—Here’s the 150+ best deals on Amazon, updated 24/7 Opinion editorial

Mamdani utters a laughable call for ‘fiscal responsibility’

By Post Editorial Board Published June 19, 2026, 6:30 a.m. ET

See more of our coverage in your search results.

Add The New York Post on Google

Feel free to chuckle at the irony of Mayor Zohran Mamdani joining city Comptroller Mark Levine in calling for a City Charter amendment to ensure adequate rainy day fund cash for the next emergency.

This is John Dillinger calling for better bank insurance.

Mamdani just sought to raid more than $3.25 billion from the city’s main reserves, after all.

Mayor Zohran Mamdani speaks during a news conference at the MTA Rail Control Center in New York, US, on Thursday, June 4, 2026.
Mayor Zohran Mamdani speaks during a news conference at the MTA Rail Control Center in New York on Thursday, June 4, 2026. Bloomberg via Getty Images

And the city should have a much heftier rainy day fund; it’s now just $2 billion, far short of the $15 billion the Citizens Budget Commission deems prudent, given Gotham’s $125 billion spending plan.

More From Post Editorial Board

Kamar Samuels, New York City Schools chancellor, is pictured alongside Mayor Zohran Mamdani during the announcement of the first four NYC communities set to receive free 2-K seats at a press conference Tuesday, March 3, 2026, at the Sugar Hill Children’s Museum of Art & Storytelling, 898 St. Nicholas Ave., in Manhattan. The program will roll out 2,000 free child care seats for two-year-olds this fall in School District 6 (Washington Heights/Inwood), District 10 (Bronx neighborhoods including Fordham and Riverdale), Districts 18 and 23 (Canarsie, Brownsville and Ocean Hill) and District 27 (Ozone Park, Richmond Hill and the Rockaways), regardless of income or immigration status. Backed by more than $1.2 billion in state funding, officials say the initiative aims to expand citywide and reach universal child care within four years. (Photo by Luiz C. Ribeiro for NY Post.)

Kamar Samuels should go — too bad Mamdani won’t hire anyone better to run NYC’s schools

Illustration of the Wikipedia the free encyclopedia website application, Paris, France, January 24, 2025.

Oust the commissars from control of Wikipedia

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026 in Muscat, Oman.

Iran can’t get ANY control over the Strait of Hormuz— period

But the larger threat to the city’s long-term fiscal health is Mamdani’s drive to fund his socialist dreams.

No mandatory reserve minimum can solve the city’s structural budget woes.

Mamdani’s still-to-be-passed financial plan keeps spending out of the red for the coming year only thanks to new taxes, state aid, unexpected revenue and one-off gimmicks.

Other posts