NYC Mayor Seeks $313M Water Fee, Amid Budget Crisis
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York City Mayor Zohran Mamdani revives a controversial budgeting move, seeking $313 million from the Water Board to fund the citys general budget. This approach, criticized as a hidden property tax, has led to significant water rate increases. With a $5.4 billion budget shortfall, the mayor warns of a potential 9.5% property tax hike. Meanwhile, the administration pauses lien sales, raising concerns about funds for climate resiliency.
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