NYC Mayor Mamdani Says Either Wealthy Get Taxed More or Property Taxes Will Go Up

NYC Mayor Mamdani says either wealthy get taxed more or property taxes will go up

New York City Mayor Zohran Mamdani unveiled his preliminary financial plan on the heels of the announcement that the state will give the city $1.5 billion to help fix a massive budget shortfall.

Mamdani says raising property taxes is last resort to close New York City's budget gap

Mayor Zohran Mamdani presented his first preliminary budget for New York City at City Hall on Tuesday afternoon.

Mamdani Is Getting (Some of) What He Wants From Hochul

Have you been listening to the Hell Gate Podcast? You can catch last week's episode here.It's budget day in New York City. In the afternoon, Mayor Zohran Mamdani will reveal his preliminary budget for the first full fiscal year of his mayoralty, which begins on July 1. And right on time, Mamdani got a little visit from Ol' Saint Hochul, who stuffed his stockings with some much-needed cash if he stays a good little boy this year, and stops demand…

Mayor Mamdani Releases Balanced Fiscal Year 2027 Preliminary Budget

Today, Mayor Zohran Mamdani released the Fiscal Year (FY) 2027 Preliminary Budget, outlining the scope of a fiscal crisis inherited from the prior Administration and presenting two clear paths forward: raise revenue from the wealthiest New Yorkers and most profitable corporations and end the drain of City resources to the State — or balance the budget on the backs of working and middle class New Yorkers. “There are two paths to bridge the city’s…