Mamdani threatens: tax the rich – or residents will pay

New York City Mayor Zohran Mamdani unveiled a $127 billion preliminary budget for 2027 Tuesday, warning that a 9.5% property tax hike affecting millions of properties may follow if New York State refuses to approve higher taxes on the wealthy and corporations. The post Mamdani threatens: tax the rich – or residents will pay appeared first on www.israelhayom.com.