Hochul Mulls Business Tax Hike to Fund Budget, Mamdani Plans (2)

New York Governor Kathy Hochul is considering raising corporate taxes as part of broader efforts to close a potential budget shortfall and help fund some of Zohran Mamdani’s agenda as New York City mayor, according to a person with knowledge of the matter.

Hochul, who endorsed Mamdani’s candidacy before the Nov. 4 election, is weighing additional levies to help fund universal childcare, one of Mamdani’s core priorities, said the person. The governor is also weighing several other potential revenue sources, said the person, who asked not to be identified because discussions on the matter are private and in early ...