Mamdani Names NYC Budget Director as $10 Billion Deficit Looms

Democratic Mayor-elect Zohran Mamdani, facing a deficit of as much as $10 billion in the next fiscal year, named a veteran of three mayoral administrations as New York City’s budget director.

Sherif Soliman, who served as chief policy officer for Mayor Eric Adams and commissioner of the Department of Finance under Mayor Bill de Blasio, will oversee a $120 billion budget. The Staten Island native also worked in Mayor Michael Bloomberg’s administration as a legislative representative.

Mamdani, a 34-year-old democratic socialist and former Queens assemblyman, is leaning heavily on government insiders as he crafts his administration. The incoming ...