‘Working New Yorkers Will Pay the Price,’ Mamdani Tears Into NYC Budget Proposal; Says ‘Tax the Rich’
The council plan relies on $3.5 billion in reestimated spending and revenues, while warning against the mayor’s 9.5% property tax increase.
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9 Articles
New Yorkers Want to Tax the Rich. Julie Menin Doesn’t Care.
Zohran Mamdani has called for taxing the rich to close New York City’s large budget deficit. His position is popular with most New Yorkers, but wealthy City Council Speaker Julie Menin is giving cover to Gov. Kathy Hochul’s refusal to raise taxes.
City Council adds free transit proposal to its preliminary budget response
The New York City Council earlier this week released its response to Mayor Zohran Mamdani’s Preliminary Budget proposal, offering an alternative budgeting path for Fiscal Years 2026 and 2027. The response offers the necessary resources to fund spending priorities without increasing taxes on property owners and renters, reducing funding for critical services or diminishing NYC’s reserves. City Council’s plan looks...
‘Working New Yorkers will pay the price,’ Mamdani tears into NYC budget proposal; says ‘tax the rich’
Mayor Zohran Mamdani criticized the NYC Council's $6 billion budget proposal, claiming it would cut agency funding and harm working New Yorkers. He advocates for taxing the wealthy to address the city's fiscal gap without sacrificing essential services.
NYC Council Blocks Socialist Tax Increase Push
New York City’s socialist mayor just watched his own City Council undercut his push for higher taxes, releasing a rival budget plan that closes a $5 billion gap without raising a single rate. Council Speaker Julie Menin unveiled the alternative Wednesday, proposing to fill Mamdani’s shortfall through spending adjustments, revised revenue estimates, and roughly $2 billion in savings. No new corporate taxes required. The move blindsided Albany Dem…
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