Mamdani's plan to delay pension payments echoes the schemes that brought NYC near bankruptcy

Despite a $7.1 billion hole, Mayor Zohran Mamdani has pushed back against any serious cuts to his budget and instead wants to delay required payments to city pension funds. - Post Editorial Board

• That’s precisely the kind of tactics that brought the city to the brink of bankruptcy in the ’70s...

Again, the city used just that kind of move for years — spending more than City Hall raked in in revenue — until it nearly went broke, with no one rushing to bail it out...