Source: New York Post
Mayor Zohran Mamdani on Tuesday is set to finally unveil his executive budget for New York City — without the property tax increase he warned could be necessary if his “tax the rich” dreams evaporated. Insiders revealed that Mamdani backed away from his months-old threats to impose a nearly 10% property tax hike and drain the city’s reserves to help close a reputed $5. 4 billion budget gap.
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