Mamdani says if the state won't tax the wealthiest New Yorkers, he'd have to tax the middle class as a 'last resort'

Source: Business Insider

New York City Mayor Zohran Mamdani said that a property tax increase would be a last resort effort to balance the budget. Kyle Mazza/Anadolu via Getty ImagesMayor Zohran Mamdani said a property tax hike is on the table as a "last resort" in New York City. Higher taxes on the wealthy is his preferred way to bridge the $5.