Mamdani’s $126B budget soars nearly 10% from last year, leaving NYC on verge of fiscal crisis

Zo’s busting the budget.

Mayor Zohran Mamdani’s inaugural, record-breaking nearly $126 billion budget was set to pass Tuesday — growing city spending by more than $10 billion from last year despite his past dire warnings about the Big Apple’s financial situation.

The under-the-wire vote by the City Council came just hours before a Wednesday deadline...