"Elected in 2022, Adams made his mark in office by mitigating rising prices with affordability announcements, including a 2024 proposal to lift income taxes for low-income New Yorkers. This administration has put $30 billion back into the pockets of working-class people, the mayor told amNewYork. On July 10, Adams also announced an additional $80 million for expanded child care, another costly but essential service that hurts many low-income families in the city."
"However, the taxes these food giants pay would help support the socialized storesessentially funding their competitors. We will redirect city funds from corporate supermarkets to city-owned grocery stores whose mission is lower prices, not price gouging, Mamdani said in an announcement, adding that they would not operate to make a profit. Mamdani, a NYS Assembly Member representing parts of Queens, described the city-run stores as a public option for New Yorkers."
New Yorkers are experiencing steadily rising grocery prices that strain household budgets across the city. Mayor Eric Adams enacted affordability measures after taking office in 2022, including a 2024 proposal to lift income taxes for low-income New Yorkers and measures the administration says returned $30 billion to working-class people. Adams announced an additional $80 million for expanded child care to aid low-income families. Front-runner Zohran Mamdani proposes city-funded, non-profit supermarkets as a public option to lower grocery prices by redirecting city funds and leveraging taxes paid by large corporate grocers. It remains unclear whether city stores would replace big-box grocers.
Read at www.amny.com
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