New York Governor Kathy Hochul told Dearborn Mayor Zahran Madani, a Shiite politician she previously supported, that his city must now manage its own budget without further state aid, according to Israeli media reports. Hochul reportedly stated she helped Madani as a new mayor but cannot do so annually. The report notes the city faces a projected $9 billion deficit within two years and a potential credit rating collapse.
New York Governor Kathy Hochul has informed Dearborn Mayor Zahran Madani that the state will no longer provide additional funding and that his city must manage its own finances, according to Israeli media reports circulating on Monday afternoon.
As The Zioneer reported earlier today (06:43), Hochul had previously communicated a similar message to Madani, an Iranian-linked Shiite politician who has led the Michigan city for one year. The new report specifies that Hochul said she helped Madani because he was a new mayor but that she has other cities to support and cannot continue annually. According to the report, Hochul had already cut $4 billion from Madani's budget in May, with an additional $4 billion having been transferred earlier.
The report describes Dearborn's financial outlook as dire: expenses exceed revenue, with projected deficits reaching $9 billion within two years and a potential credit rating collapse. The piece frames the situation as a turning point for a city that has been a focus of controversy over its leadership's stance on Israel, and urges readers with assets there to divest, warning the city could descend into a 'third-world' state.
2 developments
- DevelopingHnaftali blog: NYC Mayor Mamdani 'more obsessed' with Netanyahu than fixing city
- DevelopingJewish leaders demand NYC Mayor Mamdani tone down rhetoric after stabbing
- StrongIsraeli officials dismiss Mamdani's arrest threat against Netanyahu; Danon says he should be arrested
- DevelopingFormer Israeli consul calls Mamdani's arrest threat 'deranged,' says NYC in worst state in 30 years
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