Looks like unfunded pension liabilities, a legacy measure he's inherited, account for about 13% of the budget balance this year, 1.6 out of 12 billion.

Having read up on his measures, some of them are and can be future liabilities if not addressed, but the outsized personal vitriol levied at mamdani in these articles with the simultaneous admission from detractors that even if none of those future liabilities are addressed he's still projected to reduce the NYC deficit by 30% by his second year make the criticisms ring personal rather than professional or political.

I'm pretty interested in seeing what next year looks like now.

There were a bunch of compromises, but a lot of the budget closures came from cleaning up corrupt nonsense from past mayors, state obligations that governors had pawned off on the city, and the tax on wealthy second homes.

It isn't the perfect situation to be in, but it's a whole lot better than anything they've had before, and it can technically be called a balanced budget, something nobody else could pull off. And best of all, they did it without raising taxes on the people, or cutting services, something the wealthy insisted was impossible.

A Balanced Budget is the first step, and now that the city is on somewhat solid footing, it can use future tax revenues to shore up their position even better, address some the compromises they had to make, and build on their successes.

Or we can just invent all kinds of fantasies why the Socialist mayor's obvious successes are really failures.