Newsalert: How is getting $8 billion from State coffers and $2.3 billion from deferring pension payments bringing a budget down to zero?

Saturday, May 16, 2026

How is getting $8 billion from State coffers and $2.3 billion from deferring pension payments bringing a budget down to zero?

How is getting $8 billion from State coffers and $2.3 billion from deferring pension payments bringing a budget down to zero?

The same NYC taxpayers that pay the bulk of NYC taxes are paying the $8 billion of state taxes that are funding the budget gap.

This budget ‘fix’ is… https://t.co/THeJNctoVt
— Bill Ackman (@BillAckman) May 16, 2026