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Mamdani Threatens Blanket Property Tax Hike as ‘Last Resort’ from THE CITY - All RSS feed.

Mamdani Threatens Blanket Property Tax Hike as ‘Last Resort’

THE CITY - All
Mayor Zohran Mamdani explains his first preliminary budget during a City Hall press conference,

Mayor Zohran Mamdani presented a “last resort” option of raising the property tax rate to close an estimated $5.4 billion budget gap, as Gov. Kathy Hochul continues to resist raising taxes on the wealthiest individuals and corporations. “We remain firmly in a budget crisis. It is a crisis that we can and will overcome — […]

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