NYC faces property tax hike after Hochul rejects Mamdani's push to raise income taxes on wealthy
Briefly

NYC faces property tax hike after Hochul rejects Mamdani's push to raise income taxes on wealthy
""We may not agree on everything - or even many things sometimes - and that's okay," Hochul said of her relationship with Mamdani, according to a local news outlet."
""What I promised the people of this state was a productive partnership with the mayor of New York City - something we haven't consistently seen in a long time.""
Governor Kathy Hochul rejected Mayor Zohran Mamdani's proposal to raise income taxes on millionaires and large corporations. Mamdani warned that without state-level tax increases he would raise New York City property taxes by 9.5 percent. Hochul said she is unlikely to change her stance and emphasized strengthening the state's economy by attracting and expanding businesses to broaden the tax base. She said she seeks a productive partnership with the city's mayor despite policy disagreements. On national politics, Hochul described a pragmatic but assertive approach toward the Trump administration, aiming to keep open channels while defending New Yorkers' interests on immigration enforcement involving federal agencies like ICE.
Read at Just The News
Unable to calculate read time
[
|
]