Just last week, New York City Mayor Zohran Mamdani claimed that the city is in a historic budget crisis. Now we are learning that he has allocated $500,000 for reparations. So which is it?
If Mamdani wants to quell concerns that he is a dishonest dealer in financial matters, this is not the way to do it. Unless of course, he just doesn’t care, which is entirely possible,
We’re not really sure why people living in modern day New York City would qualify for reparations in the first place, but that’s a different matter altogether.
FOX News reports:
Mamdani allocates $500K for reparations talks as NYC faces $5.4B deficit
Under Mayor Zohran Mamdani, New York City has set aside $500,000 to fund community discussions on reparations and other forms of assistance for Black New Yorkers as a major budget deficit looms, internal communications show.
An internal message, dated January, detailed how more than two dozen groups would be given tens of thousands of dollars each to participate in “conversations to discuss the development of a Reparations study” and to gather “input on the early development of the citywide Truth, Healing and Reconciliation plan.”
Funding, according to the document, “allows for each community member to receive an incentive for their time” and covers the costs of providing participants with “refreshments.”
Amid the reparations spending, New York City faces an estimated $5.4 billion budget deficit throughout the next two fiscal years.
Mamdani thus far has not proposed service cuts to address the shortfall, opting instead to seek out increased taxes and dip into the city’s emergency cash reserves while increasing funding for racial equity initiatives.
Mamdani has justified his racially focused policies by stating that “Black and Latino New Yorkers” have “been pushed out of this city for decades” and are “bearing the brunt” of the rising cost of living in New York City.
Maybe electing a communist as mayor wasn’t such a good idea.
NYC dishes out 500,000 to “community groups” to “participate in a Reparations, Truth, Healing, and Reconciliation Network” — amid Mamdani’s ongoing budget crisis that has him proposing cuts to libraries https://t.co/JdHAPjMXTL
— Peter J. Hasson (@peterjhasson) May 1, 2026
New York city is on the early side of learning a very painful economic lesson.
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