Wall Street Bonuses Help Shrink NYC’s Budget Gap by $5 Billion

Wall Street bonuses, along with an aggressive savings plan, has helped shrink New York City’s expected two-year budget gap by roughly $5 billion, according to Mayor Zohran Mamdani.

By Laura Nahmias · Bloomberg Markets

Wall Street bonuses, along with an aggressive savings plan, has helped shrink New York City’s expected two-year budget gap by roughly $5 billion, according to Mayor Zohran Mamdani.