• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Mamdani touts massive taxpayer-funded investment for trans healthcare: ‘First step’

by June 12, 2026
written by June 12, 2026

As part of the Pride Month celebration on Tuesday evening, New York City Mayor Zohran Mamdani touted the work his administration has done to expand services for LGBTQ+ communities, calling New York City a “haven” for people with alternative gender identities.

In particular, Mamdani doubled down on promises of $15 million in funding for trans communities.

“The threats will continue and so will our relentless protection of trans people across this city,” Mamdani said, referring to challenges he said LGBTQ+ communities face.

“As a first step, my administration has made a $15 million investment in gender-affirming care over the next two years, and we will continue to use every tool at our disposal to make sure every trans and gender non-conforming New Yorker can live with the dignity, safety and freedom they deserve.”

MAMDAMI MARKS PRIDE MONTH, SAYS HONORING ‘QUEER AND TRANSGENDER’ CONTRIBUTIONS WOULD TAKE MORE THAN 30 DAYS

Mamdani’s speech builds on similar efforts in other cities and looks to follow through on campaign promises Mamdani made on the road to his mayoral victory.

It’s unclear where, exactly, the $15 million request is being allocated from or how it will be disbursed as New York City Council members continue consideration of the 2027 budget, but taxpayer dollars will be on the hook for the investment.

Progressive-led subsidized transgender initiatives have also advanced in San Francisco.

Like New York, San Francisco established an Office of Transgender Initiatives and, through its Department of Public Health, has funded guidance for hormone therapy, surgery and mental health case management.

MASSACHUSETTS TOWN VOTES TO BECOME A TRANSGENDER ‘SANCTUARY CITY’ AFTER WILD CITY COUNCIL MEETING

If implemented, Mamdani’s initiative would go further, directly funding procedures.

Despite pushing the envelope on city-led programs for trans services, the New York funding falls short of the vision Mamdani painted while on the campaign trail.

“The Mamdani administration will budget $65 million in funding to explicitly support and expand access to Gender Affirming Care (GAC) in NYC,” Mamdani’s campaign website read.

That plan detailed that up to $57 million would go to public hospitals, community clinics, health centers and nonprofits that could perform procedures.

Although Mamdani’s plan for the $15 million remains hazy, he said his support of the LGBTQ community was proven — and would only grow.

GRAMMY-WINNING MUSICIAN FIGHTS TRUMP’S TRANS EXECUTIVE ORDER BY DONATING TO PEOPLE SEEKING GENDER SURGERIES

“As your mayor, I was proud to establish New York City’s first-ever office of LGBTQIA+ affairs within the first 100 days of our administration,” Mamdani said.

“This office focuses on the well-being of queer New Yorkers so that you know you have a champion and advocate within city government.”

<!–>

–>

0 comment
0
FacebookTwitterPinterestEmail

previous post
Cornyn predicts Trump midterm ‘disaster,’ then ‘the most miserable two years of his life’
next post
Ex-Biden aide dubbed ‘Baghdad Bob’ reemerges with Jill Biden spat, new gig

related articles

Springsteen, other stars share stage with hardcore leftist...

October 5, 2026

Trump drops Republican Senator’s phone number in social...

October 5, 2026

Firebrand GOP rep: Democrats side with Iran ‘simply...

October 5, 2026

Tennessee prison chief resigns after failed execution as...

October 5, 2026

10 Democrat-held House seats Republicans could flip to...

October 1, 2026

State’s largest mosque leader’s deportation fight takes dramatic...

October 1, 2026

Trump handing 1 million Americans Obamacare refund checks...

October 1, 2026

Iranian negotiators kicked out of US as talks...

October 1, 2026

Trump’s new high-tech government hub holds some bizarre...

October 1, 2026

FAA breaks controller hiring record after chief warned...

October 1, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Micron, Sandisk stocks slide as traders exit high-flying AI plays

    June 5, 2026
  • Why Nvidia stock is down around 1.6% on Monday

    October 12, 2026
  • Apple stock gains on Friday as Wall Street sees buying opportunity

    June 26, 2026
  • BlackRock stock has slumped into a correction: Will it rebound as earnings loom?

    October 2, 2026
  • BitMine stock price nears a golden cross pattern as ETH holdings near 5%

    September 28, 2026

Popular Posts

  • 1

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 2

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (711)
  • Investing (1,905)
  • Stock (90)

Latest Posts

  • European stocks edge lower amid US-Iran tensions

    July 20, 2026
  • Adobe stock analysis: Golden cross pattern takes shape ahead of earnings

    August 28, 2026
  • Why investors see more upside for SanDisk’s 500% rally

    September 7, 2026

Recent Posts

  • Intel gains before opening bell: How Musk’s comments became a catalyst

    October 7, 2026
  • Coinbase stock on edge as CLARITY Act odds of passing dip despite Trump concessions

    September 15, 2026
  • Socialist Wisconsin governor candidate referred to America as ‘abundance of suffering,’ resurfaced post shows

    August 12, 2026

Editor’s Pick

  • Fury erupts as US brand fires 1,600 employees after securing thousands of foreign worker visas

    July 9, 2026
  • Tesla’s IPO minted ‘Teslanaires.’ Can SpaceX do the same?

    June 6, 2026
  • Dow rises 150 points as Big Tech leads gains after soft inflation data

    July 15, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock