"On "Forbes Newsroom," Republican NYC City Councilmember and Minority Leader of the New York City Council David Carr discussed NYC Mayor Zohran Mamdani's proposed budget and call to either raise statewide taxes on the wealthiest New York residents and companies or impose a property tax hike on NYC homeowners."
"Watch the full interview above."
Zohran Mamdani proposed a budget that calls for either a statewide tax increase on the wealthiest New York residents and companies or a property tax hike for New York City homeowners. The proposal frames budgetary funding choices as a trade-off between generating revenue from high-income individuals and businesses statewide or shifting more of the fiscal burden onto local property owners. The statewide tax option targets affluent residents and corporations to raise revenue beyond local levies. The property tax option would raise costs for homeowners and could affect housing affordability and homeowner finances.
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