-
Zohran Mamdani leads the NYC Mayoli race with programs focused on outreach.
-
Mamdani plans to make child care and free buses, fries, and food stores run by Mpilo.
-
Mamdani’s proposals will be funded by tax on Corporations and wealthy residents.
The frontrunner of the New York City Maid race has big plans ahead.
Zohran Mamdani’s Meteric Rise as a democrat is not only raised by his social media. It also drew attention to his plans to provide for Universal’s children, make buses free, reduce the rent of stable units, build more affordable housing, and create a pilot program with the efforts of stores that operate in the city.
His main programs will be funded by the proposed 11.5% State Corporate tax, which is estimated to bring in new annual revenue of $ 5 billion, as well as billions of dollars in income from the income of NYC residents over the year. Both plans would require the approval of the provincial legislature.
Mamdani also suggested increasing the efficiency of city contracts and hiring auditors to enforce the tax code, where campaign funds are estimated.
Money supply has become a national focus in recent years due to pandemic inflation. Two new polls conducted in October by Lake Research Partners, a progressive polling company, show that measures to increase disposable income, favoring low-income counties, are popular in low-income counties and large cities.
Here’s a look at Mamdani’s key NYC strategies and how much they’ll cost, as she faces off against independent incumbent Andrew Cuomo and Republican incumbent Curtis Sliwa on election day on November 4.
Universal child care
Extending childcare and children under the age of three is Mamdani’s Avevely Avevery and expensive.
NYC already offers free preschool for toddlers over three, but for parents with young children, finding childcare is a struggle. According to the New York Comptroller’s office, the annual prices for children in New York in 2023 were $12,000 for home-based home care, and $20,459 for infant center care. A 2024 report by the Public Common Tank Tankboro Institute found that 80% of families cannot take care of their children.
The Mamdani Campaign estimates that providing child care to all NYC families would cost $6 billion annually. The plan would be funded by the proposed agency from businesses and wealthy residents, and the campaign said it would save money by increasing the workforce. According to a January report from the NYC Comptroller, expanding free child care would bring 14,000 mothers into the workforce and generate $900 million in labor income.
Buses are fast and comfortable
NYC has one of the highest rates of public transit users in the country, but the city’s buses only average a speed of eight miles per hour, and Mamdani wants to change that.
Mamdani proposes that the buses be completely free for more than a million passengers every day, most of the passengers are for work purposes.
He also plans to create more buses that are limited to others by using traffic to speed up travel.
The city currently offers a 50% discount on public transport for low-skilled residents, but the fee jump remains at around 40% every quarter from 2024.
This measure is not a factor in Mamdani’s plan to build more bus routes only.
More durable homes – at better prices
Last summer, the city’s lottery opened for the first time in 15 years for NYC residents to get help paying their rent, and more than 630,000 people worked to get on the waiting list. The application remained open for one week, but the need for affordable housing was fully demonstrated.
Mamdani plans to address the housing issue by underwriting the city’s production of publicly funded homes, reinforced concrete homes, to 200,000 new units over the next 10 years. The plan will help households making less than $70,000 a year, and could cost the city $100 billion over the next ten years.
Separate from the construction process, the Mamdani plan to fill the rent in the units of a fixed million identified throughout the city, which can be easily obtained and even become a direct cost of the city. This rent freeze will only affect rent-stabilized units, which make up less than half of the city’s rental stock, and will not apply to Market-Rate units.
If elected, Mamdani as Mayor can appoint members to the Rental Advisory Board who align with his affordable goals.
The system can attract the disadvantage of building owners who will need to incur more costs in the maintenance of property tax.
Shops that operate in the city
Mamdani also proposed a pilot program for five supermarkets running the city, one in each area, to reduce food costs. The plan will need to be approved by the city council, and these food stores will be selling food at full prices.
According to the NY State Comptroller’s office, the cost of food at home increased by 65.8% between 2013 and 2023 in NYC, far outstripping the rate of general price increases.
Including the cost of rent, utilities, warehouse, excise tax, and initial storage costs, the Mamdani campaign estimates that the five stores cost $60 million a year.
The Mayor of Chicago, Brandon Johnson, is moving forward with the same idea. According to a realistic study done in 2024, building three stores will cost the city $26.7 million more.
Read the original article on Business Insider
