#wealth-tax-proposal

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#municipal-budget-crisis #fiscal-management #city-government-finance #nyc-budget-deficit #recurring-revenue
New York City
fromNews 12 - Default
1 day ago

'Why is our budget so out of whack?' NYC comptroller testifies on multibillion-dollar budget gap

Mayor Mamdani faces a $5.4B budget gap for fiscal year 2027 and must choose between a wealth tax or property tax increases to balance the $127B budget by June.
New York Islanders
fromwww.amny.com
4 weeks ago

MAMDANI'S FIRST 100 DAYS: Mayor tells Albany budget gap shrunk by $5 billion, pushes wealth tax to further close it | amNewYork

Mayor Mamdani said administration cut the projected deficit by $5 billion but warned the city still faces a $7 billion gap without new recurring revenue.
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