Mamdani threatens 9.5% property tax increase
to fill NYC budget gap if Albany won't
tax rich
Posted By: NorthernDog, 2/17/2026 6:54:46 PM
Mayor Zohran Mamdani laid out two potential paths Tuesday to close what he says is a $5.4 billion dollar budget gap in New York City. In one, Albany would raise taxes on the richest New Yorkers. In the other, the City would raise property taxes for the first time since the late 2000s. The City could generate $3.7 billion by raising the property tax by 9.5%, Mamdani said. (Snip) “If we do not go down the first path, the city will be forced down a second, more harmful path. Faced with no other choice…we would have to raise property taxes.
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Mamdani threatens 9.5% property tax increase
to fill NYC budget gap if Albany won't
tax rich 37 replies
to fill NYC budget gap if Albany won't
tax rich 37 replies
Mayor Zohran Mamdani laid out two potential paths Tuesday to close what he says is a $5.4 billion dollar budget gap in New York City. In one, Albany would raise taxes on the richest New Yorkers. In the other, the City would raise property taxes for the first time since the late 2000s. The City could generate $3.7 billion by raising the property tax by 9.5%, Mamdani said. (Snip) “If we do not go down the first path, the city will be forced down a second, more harmful path. Faced with no other choice…we would have to raise property taxes.
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State says more than 38,000 Minnesotans
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fraud stopped 11 replies
sought paid leave, 'numerous' cases of
fraud stopped 11 replies
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Most Active Articles (last 48 hours)
Jesse Jackson, civil rights icon and former
US presidential candidate, dies aged 84,
family reveals 41 replies
US presidential candidate, dies aged 84,
family reveals 41 replies
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Mamdani threatens 9.5% property tax increase
to fill NYC budget gap if Albany won't
tax rich 37 replies
to fill NYC budget gap if Albany won't
tax rich 37 replies
Mayor Zohran Mamdani laid out two potential paths Tuesday to close what he says is a $5.4 billion dollar budget gap in New York City. In one, Albany would raise taxes on the richest New Yorkers. In the other, the City would raise property taxes for the first time since the late 2000s. The City could generate $3.7 billion by raising the property tax by 9.5%, Mamdani said. (Snip) “If we do not go down the first path, the city will be forced down a second, more harmful path. Faced with no other choice…we would have to raise property taxes.
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‘Slapped so hard’ 20 replies
US as high-stakes nuclear talks begin:
‘Slapped so hard’ 20 replies
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The dictator — whose brutal crackdown on nationwide protests last month has killed at least 7,000,
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Comments:
How many of his voters expected a sharp property tax hike? This will also bump up rent costs, which he promised to slash.