Mamdani Retreats From Property Tax Increase After Hochul Pledges $4 Billion in State Funding To Balance City Budget
New York City’s mayor vows he is still going to ‘tax the rich’ as part of his first budget proposal aimed at closing a $12 billion deficit.
In a video released on Tuesday, Mayor Zohran Mamdani announces his new budget proposal will be paid by upstate taxpayers and taxing the rich. @NYCMayor via X
