Hochul stands firm against Mamdani's push to tax the rich in NYC

"Mamdani has threatened to raise city property taxes by 9.5% if lawmakers do not approve the income tax increase, arguing those are the only two options to close the city's budget gap. He has also said the state would be responsible if the city is forced to increase property taxes."

"A Siena College poll released Tuesday found 54% of registered voters statewide support allowing New York City to raise personal income taxes on residents earning at least $1 million annually, while 29% oppose it. Support is stronger in New York City, where 62% back the idea and 21% oppose it."

"Hochul said she is not frustrated with the mayor but instead believes she can negotiate a final budget agreement. Hochul has repeatedly said she opposes raising taxes on millionaires, leaving her at odds with Mamdani as state lawmakers prepare to release their one-house budget proposals next week."

New York Governor Kathy Hochul and New York City Mayor Zohran Mamdani are at odds over fiscal policy during budget negotiations. Mamdani is pushing for a tax increase on residents earning at least $1 million annually and has threatened to raise city property taxes by 9.5% if the state does not approve the income tax increase. Hochul has consistently opposed raising taxes on millionaires, stating she knows how to negotiate and will reach a resolution. A Siena College poll shows 54% of registered voters statewide support the millionaire tax, with stronger support in New York City at 62% and among Democrats at 72%. Support is more divided in suburban and upstate regions, while independents and Republicans largely oppose the measure.

Read at FOX 5 New York