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The city and state’s fiscal pain just
got real —and it was all so avoidable

Original Article

Posted By: FlyRight, 7/21/2025 6:55:27 AM

Albany and City Hall are now staring at some wicked fiscal headwinds, a key watchdog reports — but it’s not like they weren’t warned. The Citizens Budget Commission is flagging both the city and state’s massive budgets, slamming them as “unaffordable and unprepared” in light of federal funding cuts and a possible economic slowdown down the road. With passage of President Donald Trump’s One Big Beautiful Bill Act, which aims to (slightly) curb the growth of federal outlays, including aid to New York, Gov. Kathy Hochul is directing state agencies to cut $750 million from their budgets.

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Reply 1 - Posted by: Sorosisbehindit 7/21/2025 7:09:38 AM (No. 1980314)
I bet they wish they could print their own money like congress.
27 people like this.

Reply 2 - Posted by: Strike3 7/21/2025 7:46:56 AM (No. 1980332)
The democrats have followed a long time plan that usually works for them. Spend all available money while in office and borrow as much as possible to buy off as many voters as possible while enriching individual democrats. Let the republicans in for a term or two to repay the debt, turn things around and set things up for the next democrat term. Between COVID and expensive sanctuary policies they may have just overextended New York to the point that it can't be fixed anytime soon. Facing new progressive leadership that may drive productive citizens out of the state and losing their income tax revenue just might put that last big nail into the coffin. If I owned a business there right now I would be packing the U-haul.
50 people like this.

Reply 3 - Posted by: mifla 7/21/2025 8:07:15 AM (No. 1980347)
Turn off the federal spigot for New Yorkers. If they complain, tell them to get their financial act together. If they cry, give them a cry towel. If they threaten violence, tell them they will be arrested. If they beg, tell them to vote in leaders who are fiscally responsible.
41 people like this.

Reply 4 - Posted by: RuckusTom 7/21/2025 8:53:45 AM (No. 1980363)
When it comes to dreaded "spending cuts", keep in mind that to a politician that's a slight decrease in upcoming increased spending. In other words, spending is still going up, just not as much as originally planned.
24 people like this.

Reply 5 - Posted by: jeffkinnh 7/21/2025 10:06:31 AM (No. 1980404)
Liberal states, locked into welfare from the federal government, cannot carry out their agenda without it. Socialism cannot exist without taking other people's money. In this case it was governmentally sanctioned theft of taxpayer dollars diverted to causes that most people do NOT want to support. Trump is listening to the people and reigning in unsustainable spending. We are $36+ trillion in debt. That is terrifying and needs to be stopped from expansion and reduced over time. Liberals love to spend on whatever catches their fancy, even if they cannot afford it. That is crazy.
25 people like this.

Reply 6 - Posted by: hershey 7/21/2025 11:47:49 AM (No. 1980467)
They could start saving some money by kicking Hochul out of office...
23 people like this.

Reply 7 - Posted by: mc squared 7/21/2025 1:38:35 PM (No. 1980505)
Who designs those awful boilerplate signs that pols hang on their lecterns?
7 people like this.

Reply 8 - Posted by: 5 handicap 7/22/2025 7:06:46 AM (No. 1980845)
New York has exactly what they deserve! If Trump bails em out, I gonna be P*ss*d!
14 people like this.

Reply 9 - Posted by: SouthernYankee 7/22/2025 7:35:10 AM (No. 1980863)
Just wait until communism gets control in NYC. The exodus of millionaires & businesses will shrink revenue severely. That along with “free” everything and state run grocery stores are just start of financial collapse. You get what you vote for!
12 people like this.

Reply 10 - Posted by: Strike3 7/22/2025 8:06:45 AM (No. 1980877)
Hochul is ultimately responsible for the problems so giving her the boot will go a long way toward fixing things. How much money did New York spend at multiple levels to "get" Donald Trump through bogus lawsuits and judicial misconduct? How much money did they blow on illegal immigrants? He will not give them a cent.
11 people like this.

Reply 11 - Posted by: stablemoney 7/22/2025 9:38:58 AM (No. 1980919)
This is going to cut Democrat Party funding by $750 million.
2 people like this.

Reply 12 - Posted by: Dodge Boy 7/22/2025 9:54:23 AM (No. 1980928)
Should be interesting to see when California and New York declare bankruptcy. Illinois can't be far behind.
4 people like this.

Reply 13 - Posted by: Zigrid 7/22/2025 10:35:02 AM (No. 1980952)
And now WE know why governor Hochul visited the Oval Office to see President Trump....she was hoping to charm him into more money for her failing state....and then hid behind her notebook so the democrats wouldn't see what she was doing....note: to Hochul...President Trump doesn't need your charm...he needs a sound government in New York....run by someone who knows what she or he is doing...maybe you should step aside ....tsk...tsk....here WE have another DEI hire......
4 people like this.

Reply 14 - Posted by: dbdiva 7/22/2025 11:06:28 AM (No. 1980962)
Agreed #7 ~ "Your family is my fight". Notice that the sign didn't specify if she was fighting FOR the family or against it. My opinion is the latter.
4 people like this.

Reply 15 - Posted by: Venturer 7/22/2025 11:22:39 AM (No. 1980966)
My state of Maryland was left with a $5 billion dollar surplus by Republican Larry Hogan. Democrat Wes Moore spent that and put us $2 billion dollars in the red in only the first 2 years of his term. Wes will probably be running for President in 2028 as the new well spoken usual suspect trying to take Obama's place. just letting you know so you are pre-warned.
7 people like this.

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