#property-tax-increase

#property-tax-increase

City Council Speaker Julie Menin and Finance Chair Linda Lee said the proposal begins a dialogue about protecting New Yorkers and the city's fiscal future. Both will be leading the Council's negotiations with Mamdani's team in hammering out a final budget this June. At a time when New Yorkers are already grappling with an affordability crisis, dipping into Rainy Day reserves and proposing significant property tax increases should not be on the table, they said.

In an expensive city like Austin, it's a tough time to raise property taxes - especially on top of rising gas bills and a county tax hike to fund disaster relief for the July floods. Yet that is what the City is asking the voters to approve this November in order to help make up for the state's inaction in the face of the federal government's millions in cuts to grants that fund city services.