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NYC Seeks State Aid, Mayor Warns Tax Hikes

NYC Seeks State Aid, Mayor Warns Tax Hikes

New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 5, 20261m 30s

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Show Notes

New York City faces a $5.4 billion budget gap, with Mayor Adams pressing for state aid and tax increases on the wealthy. Governor Hochul remains committed to sending billions for childcare and budget support, while state lawmakers prepare to unveil budget resolutions with proposed tax hikes. The mayor warns of potential property tax increases if state aid isnt forthcoming.

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