Fuleihan’s appointment is the clearest signal yet that Mamdani is seeking to ground his administration in fiscal realism. A veteran of the de Blasio administration, Fuleihan also spent decades in Albany as a top budget negotiator and is widely regarded for his ability to navigate complex financial terrain. He brings a steady hand to city finances at a time when New York faces serious budget constraints and growing pressure to maintain core services.
For businesses concerned about unchecked spending or abrupt fiscal shifts, Fuleihan’s presence may offer a measure of reassurance. He understands the trade-offs required to keep the city solvent and operational — an important asset as Mamdani begins the task of translating campaign ideals into governing priorities.
The appointment of Torres-Springer and Khan as two of the co-chairs of the transition team further reflects a willingness to draw on experienced professionals. Torres-Springer held senior roles under the Adams, Bloomberg and de Blasio administrations, including president of the city’s Economic Development Corp. and commissioner of the Department of Housing Preservation and Development. Her career has spanned both the public and private sector, and she has long operated at the intersection of growth and equity.
Khan, nationally recognized for her work on antitrust enforcement as chair of the Federal Trade Commission, brings a sharp policy mind to the table. While her presence may spark debate in some corners of the tech and startup world, it reflects Mamdani’s interest in regulatory perspectives that challenge the status quo. Her involvement also signals that the administration values rigorous policy analysis as part of its approach to reform.
Also joining Mamdani’s leadership team is Elle Bisgaard-Church, who will serve as chief of staff. While her experience is less well-known, her appointment complements a broader staffing pattern that emphasizes both ideological alignment and operational competence.
Of course, Mamdani’s critics will point out that personnel choices do not guarantee policy moderation. His legislative record remains firmly to the left.
For the city’s business community, Mamdani may not be a traditional ally, but his team includes officials with a track record of managing large institutions, overseeing budgets and navigating public-private dynamics. These shared values — competence, accountability, and stewardship — can form the basis of cooperation, even across ideological lines.
In New York City politics, pragmatism often wins the day. Mamdani’s early moves suggest he understands that. Whether this reflects a tactical adjustment or a governing philosophy remains to be seen.
