Mamdani Is Quietly Backing Away From a Threat to Raise Property Taxes
📖 Full Retelling
The mayor has left lawmakers with the belief he does not plan to pursue an unpopular property tax increase, as he looks to close a budget gap of $5.4 billion over two years.
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Original Source
According to someone who attended, the legislators made clear their opposition to his property tax proposal, which the entire City Council would need to approve in order for it to take effect. The mayor indicated he was confident about getting more state aid to close a projected budget deficit of $5.4 billion over two years, the person said.
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