NYCs Mamdani Seeking First Property Tax Hike in Decades to Cover...

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2026-02-18 04:00:08

NYCs Mamdani Seeking First Property Tax Hike in Decades to Cover Budget Deficit

New York City Mayor Zohran Mamdani said Tuesday the city may have to raise property taxes to close a multibillion-dollar budget deficit. The warning came as Mamdani unveiled a $127 billion city budget.

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