New York City Mayor Zohran Mamdani announced on Tuesday (May 12) that he has successfully delivered a balanced budget for fiscal year 2027, despite inheriting a $12 billion deficit. The $124.7 billion ...

New York City's mayor is facing sharp criticism after declaring that his administration erased a massive $12 billion budget deficit while still funding public services, housing programs, libraries, ...

Newsom and legislative leaders announced a balanced budget has been enacted, but the truth is California will continue overspending until the chronic deficit is addressed.