
Tax Hike Looming? Mamdani Issues Ultimatum
Tax Hike Looming? Mamdani Issues Ultimatum
Drawing from various news reports, Mayor Zohran Mamdani of New York City proposed a nearly 10% property tax increase as a last resort to address a projected $5.4 billion budget deficit, impacting both homeowners and businesses. This plan, his first budget proposal, is contingent on the state's willingness to raise income taxes on the wealthy, as the mayor acknowledges the negative impact on working and middle-class residents and hopes to avoid the property tax hike through negotiations with Governor Kathy Hochul.





















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