Mamdani backs down on NYC property tax hike after fierce resistance

New York City Mayor Zohran Mamdani dropped his threat to raise property taxes by nearly ten percent, retreating from the…
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Silhouetted figure pushing away tax documents at desk with city buildings visible through window behind them
Mamdani backs down on NYC property tax hike after fierce resistance
New York City Mayor Zohran Mamdani dropped his threat to raise property taxes by nearly ten percent, retreating from the centerpiece of his budget strategy after pushback from Albany, the city council, and the business community forced a dramatic reversal. Mamdani announced Tuesday that a…
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