Mamdani’s Budget Warning: Government-imposed 2% tax on millionaires or city-ordered 9.5% increase in property tax
New York Mayor Proposes Property Tax Increase Amid Budget Crisis New York City’s Mayor, Zoran Mamdani, has suggested a 9.5% increase in the city’s property tax as a “last resort” to address a looming budget deficit of $5.4 billion over the next two years. This step comes if the state government in Albany declines to […]