It Begins: Mamdani Plans First NYC Property Tax Hike In Decades To Plug $5 Billion Hole New York City property owners are set to ‘enjoy’ the first property tax hike in more than two decades as part of a proposed solution by Mayor Zohran Mamdani to fill a roughly $5 billion budget gap, Bloomberg reports. “He’s put a pretty extreme option on the table, which is a combination of raising property taxes and taking money from reserves and relying on some pretty aggressive revenue projections to boot,” said NYC Comptroller Mark Levine. The pitch, set to be unveiled Tuesday afternoon during Mamdani’s preliminary budget… — Continue at ZeroHedge News : Read More
