Mamdani’s universal childcare plan will cost taxpayers billions more than planned as costs balloon: report

Mayor Zohran Mamdani’s universal childcare plan will cost 50% more than he advertised, according to a new study. The proposed program is estimated to cost a whopping $9 billion annually, approximately with an average cost per child roughly $27,000, according to the report from the Center for New York City Affairs, a nonpartisan research organization affiliated with the New School. “An estimated $8.7 to $9.3 billion would be needed annually to fund universal child care in New York City,” the report, which was released on Monday, states. That’s $3 billion more than the mayor previously said his ambitious universal free...