New York IslandersfromIntelligencer3 days agoWhy Is Mamdani Threatening a Property Tax Hike?City faces a potential 9.5% property tax increase unless the state enacts a 2% income tax hike on residents earning over $1M.
New York Islandersfromwww.amny.com3 days agoMAMDANI'S FIRST BUDGET: Concerns mount over possible property tax increase | amNewYorkMayor Mamdani proposed a 9.5% property tax increase and tapping reserves to close the budget gap, prompting opposition from Council leaders and officials.