Key moments from POLITICO's New York Outlook: Affordability, Industry & The Economy

Check out yesterday's conversations – including talks on AI, jobs and budget concerns POLITICO convened New York City power players in the Financial District on Wednesday for an in-depth look at the future of the city’s economy — from a looming budget shortfall to concerns about tepid job growth and the impact of artificial intelligence. WATCH NOW Check out the highlights from POLITICO’s New York Outlook: Affordability, Industry and the Economy below. For the latest New York coverage, subscribe to POLITICO's New York Playbook. KEY MOMENTS Speaking on the POLITICO stage, New York City Council Speaker Julie Menin backed a tax hike to fund universal child care in the upcoming state budget process, putting her weight behind a proposal that Mayor Zohran Mamdani is also expected to pursue. Meanwhile, New York City Comptroller Mark Levine warned the government is “not well defended against the agent-driven cyber threats that are coming.” And Menin urged the mayor to hire an AI czar because the federal government isn’t moving to regulate. Pictured top left: POLITICO's Joe Anuta and Mark Levine; top right: POLITICO's Chris Sommerfeldt and Julie Menin; bottom left: Maria Torres-Springer and Steven Fulop; bottom right: POLITICO's Nick Reisman and Anthony Shorris.   Anthony Shorris, the head of the city’s Economic Development Corporation, told the crowd the Mamdani administration will pursue “several interventions” where they see “failures” in existing markets, from financing to affordable housing insurance.  And Jed Walentas, chair of the Real Estate Board of New York, called assertions that real estate developers have made too much money “part true,” while defending programs that incentivize them to build more housing — a critical need to confront the city’s affordability crisis.  State Sen. Erik Bottcher, NYC Democratic Socialists of America Co-Chair Grace Mausser and Citizens Budget Commission President Andrew Rein also joined the event to discuss the mayor’s affordability agenda. And Partnership for NYC CEO Steven Fulop and Charles H. Revson Foundation President Maria Torres-Springer unpacked the city’s economic headwinds.   Missed the event? Catch up on all of the conversations from POLITICO’s New York Outlook: Affordability, Industry and the Economy here. EXECUTIVE INSIGHTS Watch Casey Aden-Wansbury's full conversation here. Watch Stevie Baron's full conversation here. STAY CONNECTED Stay informed with the latest updates on all POLITICO Live events and programming by following us on Instagram, X and LinkedIn. POLITICO's Decoded Summit: San Francisco – Dec. 1, 2026 SPONSORS

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