4 ms·

> He is going to need cooperation from the state legislature, if he wants to collect the taxes needed to fund his policies, and I’m not sure how successful he w

> He is going to need cooperation from the state legislature, if he wants to collect the taxes needed to fund his policies, and I’m not sure how successful he will be at that. Why? How much of NYC's budget comes from Albany? My impression was that NYC had its own budget, paid for by its own taxes.

myroon5 1y ago
De jure, even NYC's existence itself is contingent on NYS' permission: https://wikipedia.org/wiki/John_Forrest_Dillon#Dillon's_Rule https://wikipedia.org/wiki/John_Forrest_Dillon#Dillon's_Rule (de facto realpolitik-wise NYC will continue existing, but my point is to widen your Overton window to realize even NYC's own taxing authority is still under NYS' jurisdiction) --- Btw, federal and state funds were each ~1/6 of NYC's revenue in 2021: https://www.ibo.nyc.ny.us/iboreports/understandingthebudget.pdf https://www.ibo.nyc.ny.us/iboreports/understandingthebudget....
hagbard_c 1y ago
> My impression was that NYC had its own budget, paid for by its own taxes. If those who claimed they would leave NYC for Florida (etc.) make good on their promises NYC will see a significant drop in tax revenues while the expenditures will skyrocket due to Mamdani's free-stuff policies. They can try to increase taxes which will lead to more net tax payers leaving the city. Of course it remains to be seen whether all those who said they would leave - up to a million people according to the legacy media - end up doing so but if this comes to pass those free buses might not end up happening after all. He'll probably blame it on the exodus and wash his hands clean off his campaign promises.
- solid_fuel 1y ago
  You think 1 million people will leave New York because of free buses and childcare? Am I reading that right?
  - hagbard_c 1y ago
    Read and be enlightened: it is not me who thinks this but the legacy media: https://www.financialexpress.com/world-news/us-news/one-million-new-yorkers-preparing-to-flee-nyc-as-polls-predict-zohran-mamdani-win/4030616/ https://www.financialexpress.com/world-news/us-news/one-mill... https://nypost.com/2025/11/03/us-news/nearly-a-million-new-yorkers-ready-to-flee-nyc-if-mamdani-becomes-mayor-poll/ https://nypost.com/2025/11/03/us-news/nearly-a-million-new-y... https://www.msn.com/en-in/news/world/nearly-a-million-new-yorkers-say-they-will-leave-city-if-zohran-mamdani-wins/ar-AA1PN5QS https://www.msn.com/en-in/news/world/nearly-a-million-new-yo... That is why I said up to a million people according to the legacy media. I'm pretty sure a sizeable number of people will leave NYC due to the election results but I don't know how many.
- ThrowMeAway1618 1y ago
  Or Floridians will move to New York... A new Florida Atlantic University poll reveals that nearly half of Florida residents have considered moving due to rising costs of living, despite the state’s continued reputation as an affordable destination for many who live in northern areas of the U.S. The poll, conducted by FAU’s Business and Economic Polling Initiative, surveyed 1,000 Floridians and found growing economic frustration as property taxes, home insurance, and housing costs continue to climb. “Insurance. That’s the biggest one,” one resident said when asked about financial pressures. The findings come as a surprise to researchers, given Florida’s traditional appeal as an escape from high-cost northern states. Source: https://www.wflx.com/2025/11/04/florida-residents-weigh-leaving-state-over-rising-expenses-poll-says/ https://www.wflx.com/2025/11/04/florida-residents-weigh-leav...

myroon5 1y ago

De jure, even NYC's existence itself is contingent on NYS' permission: https://wikipedia.org/wiki/John_Forrest_Dillon#Dillon's_Rule https://wikipedia.org/wiki/John_Forrest_Dillon#Dillon's_Rule (de facto realpolitik-wise NYC will continue existing, but my point is to widen your Overton window to realize even NYC's own taxing authority is still under NYS' jurisdiction) --- Btw, federal and state funds were each ~1/6 of NYC's revenue in 2021: https://www.ibo.nyc.ny.us/iboreports/understandingthebudget.pdf https://www.ibo.nyc.ny.us/iboreports/understandingthebudget....

hagbard_c 1y ago

> My impression was that NYC had its own budget, paid for by its own taxes. If those who claimed they would leave NYC for Florida (etc.) make good on their promises NYC will see a significant drop in tax revenues while the expenditures will skyrocket due to Mamdani's free-stuff policies. They can try to increase taxes which will lead to more net tax payers leaving the city. Of course it remains to be seen whether all those who said they would leave - up to a million people according to the legacy media - end up doing so but if this comes to pass those free buses might not end up happening after all. He'll probably blame it on the exodus and wash his hands clean off his campaign promises.

solid_fuel 1y ago
You think 1 million people will leave New York because of free buses and childcare? Am I reading that right?
- hagbard_c 1y ago
  Read and be enlightened: it is not me who thinks this but the legacy media: https://www.financialexpress.com/world-news/us-news/one-million-new-yorkers-preparing-to-flee-nyc-as-polls-predict-zohran-mamdani-win/4030616/ https://www.financialexpress.com/world-news/us-news/one-mill... https://nypost.com/2025/11/03/us-news/nearly-a-million-new-yorkers-ready-to-flee-nyc-if-mamdani-becomes-mayor-poll/ https://nypost.com/2025/11/03/us-news/nearly-a-million-new-y... https://www.msn.com/en-in/news/world/nearly-a-million-new-yorkers-say-they-will-leave-city-if-zohran-mamdani-wins/ar-AA1PN5QS https://www.msn.com/en-in/news/world/nearly-a-million-new-yo... That is why I said up to a million people according to the legacy media. I'm pretty sure a sizeable number of people will leave NYC due to the election results but I don't know how many.
ThrowMeAway1618 1y ago
Or Floridians will move to New York... A new Florida Atlantic University poll reveals that nearly half of Florida residents have considered moving due to rising costs of living, despite the state’s continued reputation as an affordable destination for many who live in northern areas of the U.S. The poll, conducted by FAU’s Business and Economic Polling Initiative, surveyed 1,000 Floridians and found growing economic frustration as property taxes, home insurance, and housing costs continue to climb. “Insurance. That’s the biggest one,” one resident said when asked about financial pressures. The findings come as a surprise to researchers, given Florida’s traditional appeal as an escape from high-cost northern states. Source: https://www.wflx.com/2025/11/04/florida-residents-weigh-leaving-state-over-rising-expenses-poll-says/ https://www.wflx.com/2025/11/04/florida-residents-weigh-leav...