• 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

Dem lawmakers scoff at Trump’s $5K ‘fantasy land’...

September 21, 2026

Mamdani in hot seat over post mourning death...

September 21, 2026

House GOP not done with ActBlue after bombshell...

September 21, 2026

China ‘wiretapped Red Sea’ with spy hub 6...

September 21, 2026

World leaders descend on New York for UNGA...

September 21, 2026

NORAD F-16 intercepts aircraft that violated restricted airspace...

September 19, 2026

LA homelessness fraud cases expose deeper problem than...

September 19, 2026

Trump announces new ‘AI Force,’ vows to protect...

September 19, 2026

Dems abandon candidate who said MAGA is ‘more...

September 18, 2026

Socialist Claire Valdez faces calls for federal probe...

September 18, 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

  • Interview: Cizzle’s John Celenza on why hydration is becoming a mass-market category

    September 18, 2026
  • S&P 500 Index, VOO, and SPY outlook for July 2026: Key catalysts to watch

    July 1, 2026
  • Evening Digest: Anthropic eyes October IPO, Trump escalates Iran strikes

    July 15, 2026
  • Dow futures plunge 320 points: 5 things to know before Wall Street opens

    June 23, 2026
  • Muslim Mamdani-backed socialist primary winner suggested America deserved 9/11 in unearthed video

    June 26, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

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

    June 5, 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 (634)
  • Investing (1,398)
  • Stock (90)

Latest Posts

  • Dow futures rocket more than 400 points: 5 things to know before Wall Street opens

    September 21, 2026
  • Scope of SPLC’s deeply embedded influence training teachers nationwide uncovered in sweeping report

    July 10, 2026
  • Trump administration proposes stripping tax-exempt status from schools using race-based programs

    September 4, 2026

Recent Posts

  • Should Trump build a White House ballroom? Americans weigh in

    September 2, 2026
  • Is it a golden opportunity to buy ServiceNow stock as a rare pattern nears?

    August 28, 2026
  • Japan’s Kioxia stock is beating Micron, Sandisk, SK Hynix: here’s why

    June 22, 2026

Editor’s Pick

  • Wall Street banks hit a $260 million jackpot on SK Hynix’s mega deal

    July 10, 2026
  • GitLab stock jumps 13% as AI coding boosts growth outlook

    September 2, 2026
  • Robinhood stock to soar as it becomes ‘the first hyperscaler of online brokerages’

    July 2, 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