NYC Mayor Threatens Property Tax Hike as Last Resort Option

New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10% as a way to lobby Governor Kathy Hochul for more funding.

There’s just one problem. Hochul – who is running for reelection in November – hasn’t budged on her refusal to raise taxes on corporations and wealthy residents, repeatedly saying there is no reason to hike the levies at this time.