Local·2026-02-18T16:59:51+00:00
Mamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passed
Mamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passed — Coverage across sources suggests mayor Mamdani laid out his preliminary plan to close New York City’s multi-billion dollar budget gap, saying that it could get painful for some New Yorkers, with an almost 10% increase in the city’s property tax rate. Additional reporting describes new York City Council Speaker Julie Menin and Council Member Linda Lee, chair of the Committee on Finance, issued a statement on the mayor’s preliminary budget, saying in part, "dipping into rainy day reserves and. A further development is that if Albany does.
NBC New York Local · The New York Times Local
