New York City
fromBenzinga
1 day agoMamdani Floats 9.5% Property Tax Hike, Rainy Day Reserve Draw As 'Last Resort' To Plug NYC Deficit If Wealth Tax Stalls
Zohran Mamdani proposes taxing wealthy/corporations, tapping reserves, or raising property taxes by 9.5% to close a $5.4 billion budget gap.