Here's your clue....
New York Governor Kathy Hochul announced a $4 billion budget assistance package for New York City to close its projected $5.4 billion fiscal shortfall. The state intervention, widely framed by critics as a "bailout," brought the total pledged state aid to the city to
$8 billion over a two-year period. This critical funding enabled newly-elected Democratic Socialist Mayor Zohran Mamdani to unveil a balanced $124.7 billion executive city budget without resorting to threatened property tax hikes or sweeping service cuts.