amNewYork is following Mamdani around his first 100 days in office as we closely track his progress on fulfilling campaign promises, appointing key leaders to government posts, and managing the city’s finances. He said his administration’s early internal review aligns with the comptroller’s findings, showing projected budget gaps roughly double those the Adams administration had published year after year. Shelter spending was budgeted at $1.47 billion, he said, but now appears to be at least $500 million higher. When asked about stronger-than-expected Wall Street bonuses and income tax receipts, Mamdani said he was encouraged by the reports but cautioned they would not materially change the city’s fiscal outlook. Mamdani previously said he would replace the SRG with another unit designed to respond specifically to emergencies, not protests.