New Delhi, March 11 -- Mark Levine, the Comptroller of New York City, has expressed concern over the Zohran Mamdani administration's inaugural budget, which increased net spending estimates by $4.14 billion in FY 2026 and $5.39 billion in FY 2027 and an average of $8.46 billion in FY 2028 through FY 2030.

Levine, in his analysis published on Wednesday, projected a deficit nearly $2 billion larger than what Mamdani had initially estimated.

The mayor's Office of Management and Budget has projected a $5.4 billion budget gap over two years, while Levine estimates it to be at least $7.3 billion.

"What the Mayor's Preliminary Budget and February Financial Plan also lays bare is the stark reality that the City is spending far more than it tak...