Source: New York Post
ALBANY – Lefty pro “tax the rich” lawmakers in Albany were feeling pretty poor Wednesday after the New York City Council released an alternative to Mayor Zohran Mamdani’s budget — and it doesn’t rely on a tax increase. The liberal pols — who already blew their own April 1 budget deadline — have been committed to filling the $5 billion gap in Mamdani’s spending plan with some sort of tax increase, most likely corporate taxes, The Post reported earlier this week. Follow live updates on Mayor Zohran Mamdani’s socialist agenda and the latest in NYC politics But Mamdani and his cronies were dealt a blow Wednesday by Big Apple City Council Speaker Julie Menin, whose camp laid out a proposal that would close the gap by rejiggering spending and revenue estimates along with $2 billion in savings, thus negating the need for Albany to approve tax hikes.
