04/02/2026
This week, the NYC City Council introduced a budget proposal aimed at closing a projected $1.5 billion gap. The savings plan cobbles together $6 billion as an alternative to Mayor Zohran Mamdani’s “last-resort” proposal to raise the city’s property tax rate by 9.5% across the board.
This week, the NYC City Council introduced a budget proposal aimed at closing a projected $1.5 billion gap. The savings plan cobbles together $6 billion as an alternative to Mayor Zohran Mamdani’s “last-resort” proposal to raise the city’s property tax rate by 9.5% across the board. A key el...