Mamdani Threatens 9.5% Property Tax Increase
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Hizzoner is expected to restart the practice – used by each of his predecessors and ramped up during the Adams administration – as soon as Wednesday, sources said.
Mayor Zohran Mamdani is expected to propose raising property taxes to balance the city budget on Tuesday, in the face of Gov. Kathy Hochul’s continued resistance to raising taxes on the wealthy and corporations.
Mamdani, a democratic socialist, endorsed the centrist governor's bid for reelection as she faces a challenge from the left.
Follow live updates on NYC politics as Mayor Zohran Mamdani is set to announce a record $122 billion budget proposal Tuesday.
New York City Mayor Zohran Mamdani is seeking Albany lawmaker approval for his agenda, including an increase on taxes on the wealthiest New Yorkers and businesses.
Zohran Mamdani, New York City’s first Muslim mayor, will observe Ramadan as he runs the nation’s largest city, blending his faith into his public life.
Mayor Zohran Mamdani’s “rental ripoff” hearings will ban testimony from public housing tenants — even though the government agency running the units is routinely called the “worst” in the five boroughs.