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Story summary
- Mayor Zohran Mamdani proposed a $70 million feasibility study for a government-owned grocery store initiative amid a $5.4 billion budget gap in New York City.
- Critics, including insiders, described the plan as a "textbook limousine socialist move," arguing that funds could better serve residents directly.
- Mamdani threatened a nearly 10% property tax increase if his "tax the rich" plan is not approved by Governor Kathy Hochul and Albany lawmakers.
- His preliminary budget for 2027 has faced backlash for not controlling spending, including a proposed $30 million cut to library funding.
