NYC Mayor Threatens Property Tax Hike as Last Resort Option (1)

New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10% as a way to lobby Governor Kathy Hochul for more funding.

There’s just one problem. Hochul – who is running for reelection in November – hasn’t budged on her refusal to raise taxes on corporations and wealthy residents, repeatedly saying there is no reason to hike the levies at this time.

What’s more, City Council leadership is adamant they oppose a property-tax increase. The proposal would need approval from the council to be implemented.

Mamdani was elected ...