NYC Mayor Zohran Mamdani drops broad property tax hike in revised budget
May 12, 2026
New York City Mayor Zohran Mamdani on Tuesday unveiled a $124.7 billion budget for fiscal year 2027 that closes a projected $5.4 billion gap without raising property taxes on most property owners, walking back a threat he had used for months to pressure Albany for more funding.
https://www.washingtontimes.com/news/2026/may/12/nyc-mayor-zohran-mamdani-drops-broad-property-tax-hike-revised-budget/
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