NYC may not ‘recover’ under Mamdani’s $124B budget, panelist warns

Zohran Mamdani's "balanced" budget got to that point by deferring $2 billion in pension payments.

Such a reckless financial strategy was a common practice in Illinois for decades, not Illinois' public pension plans are among the worst-funded among the 50 states. 

Illinois' credit rating is the lowest of the states too.