Mayor Zohran Mamdani has declared that property taxes will require a 9.5% hike across NYC to make up for Gov. Kathy Hochul’s refusal to hike taxes on NY’s wealthy. He will also drain the city’s rainy day fund by $1 billion.
He repeatedly stressed Tuesday that this hike will be a "last resort" that will only materialize in the event Hochul doesn’t follow through on tax hikes.
Read more at https://nypost.com/2026/02/17/us-news/zohran-mamdani-live-updates-feb-17/
#zohranmamdani #budget #nyc
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