Zohran Mamdani Begs For Tax Hike To FUND LGBTQ Office As Credit Agency Issues BRUTAL Warning To NYC!

New York City is facing a $5.4 billion budget deficit. The city's budget director, Shariff Solomon, reportedly delayed testifying at a council budget hearing, citing Ramadan fasting, which the host criticizes as an excuse.

The budget director Shariff Solomon is himself using Ramadan as an excuse to avoid answering questions about the city's dire finances. Now, usually the mayor's budget director will kick off testimony at the first council budget hearing, but city hall says that the director will testify later in the month because he is fasting for Ramadan.

City Councilman Zohran Mamdani advocates for increasing taxes on profitable corporations to fund new social programs, including the city's first Office for LGBTQIA+ Affairs and affordable childcare, despite the city's significant budget deficit.

Zoron wanting to increase your taxes because the city needs to fund uh woke initiatives like the LGBTQ plus office... We are not only founding our city's first office for LGBTQIA plus affairs. We are also appointing our first director.

Credit agencies like Moody's are considering downgrading New York City's credit rating due to concerns over the city's fiscal policies, specifically the plan to draw from emergency reserve funds to cover spending. A downgrade would increase the cost of borrowing for the city.

You have credit agencies who are now looking to downgrade New York City's rating which is going to make it more expensive for them to borrow money... they're looking to downgrade New York City due to the fact that Zoron wants to reach into the emergency fund to pay for his socialist agenda.

Zohran Mamdani, who previously dismissed the idea of people leaving New York City as a myth, now acknowledges an 'exodus of working and middle class New Yorkers' due to unaffordability, which the host highlights as a contradiction.

Zuron before previously told us that it was a myth that people were leaving New York City... Now, Zuron is saying that people are fleeing, right? That there actually are middle class New Yorkers who are fleeing the city because it is unaffordable.

New York City Comptroller Mark Levin, a Democrat, warns against the city's proposal to drain reserve funds to cover the budget deficit, stating it's a 'red flag' to credit rating agencies and poor fiscal practice, especially during economic growth.

We are proposing currently to drain our reserve funds to cover that and this was a red flag to Moody's... In the current proposal that the mayor has put on the table, it in part relies on one-shot measures like draining our reserve funds. And I think that is uh generally a red flag to credit rating agencies because it implies there's a structural problem.