Mamdani Going to Raise Taxes Because Hochul Won’t

This is big. Mamdani just proposed raising property taxes by nearly 10%, but also he's calling it the option he doesn't want to use. Mayor Mamdani says that New York City and the only tools that he has without Albany's help is to raise property taxes and raid the city's reserves.

And so what he actually wants is for Governor Hockel to raise income taxes on people making over a million dollars a year. for re-election and many call a pro-business Democrat isn't Biden. And so Mamdani put the property tax hike on the table as a pressure play. And if it goes through, it could hit over 3 million homes and 100,000 commercial buildings. And so the typical homeowner

would pay about 700 more dollars a year. And so as far as reactions, the city council speaker and the Queensborough president the city council speaker and the Queensborough president called it a non-starter, the comptroller opposes it,