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Story summary
- New York City Mayor Zohran Mamdani orders agencies to appoint a Chief Savings Officer to address a $12 billion shortfall.
- The executive order requires identifying inefficiencies within five days and reporting findings within 45 days.
- Mamdani proposes raising taxes on wealthy New Yorkers and compares his plan to Trump's Department of Government Efficiency.
- He blames the budget crisis on his predecessors, Eric Adams and Andrew Cuomo.
