Mamdani Pushes State Taxes, Avoids Property Hikes
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mayor Zohran Mamdani is advocating for new state taxes on the wealthy and corporations to address New York Citys budget gap, aiming to avoid a significant property tax hike. Governor Kathy Hochul supports his efforts, with the state offering substantial funding for child care and the city seeking permanent revenue options. However, critics worry about potential cuts to public services and the impact of property tax hikes on affordability. Polls show strong support for income tax hikes on millionaires over property taxes, with progressive groups planning to exert pressure on Albany as budget talks progress.
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