Zohran Mamdani Proposes $127B Budget Including Property Tax Hike

Zohran Mamdani unveiled a record $127 billion budget for New York City featuring a property tax hike according to The Post after Kathy Hochul resisted taxing wealthy residents.The plan addresses a $5.4 billion gap by draining a $10 billion rainy day fund despite receiving $1.5 billion in state aid.Zohran Mamdani blamed the crisis on migrant costs and the previous administrations of Eric Adams and Andrew Cuomo while urging higher taxes on corporations.