Mayor Zohran Mamdani’s first appearance before the state Financial Control Board brought praise Wednesday for making New York City’s budget more transparent, but also repeated warnings that the city still faces a persistent gap between what it spends and what it earns.
State Comptroller Thomas DiNapoli and City Comptroller Mark Levine credited the Mamdani administration with putting billions of dollars in previously underbudgeted expenses onto the books, while cautioning that the city continues to rely on temporary measures and prior-year surpluses to balance its budget.
