Just a day after Governor Kathy Hochul showered New York City with $1.5 billion in budget gap relief, Mayor Zohran Mamdani essentially issued an explosive threat to the city's legislators in Albany—raise income taxes on the rich or New York City homeowners and landlords will begin to feel the pain, in the form of a 9.5 percent property tax increase.
Mamdani's Ultimatum: Raise Property Taxes, or Raise Taxes on the Rich
Hizzoner doubles down on his anti-austerity agenda.
