Mamdani's property tax hike on middle-income New Yorkers is officially dead

Zohran Mamdani is scrapping a potential NYC property tax hike. kena betancur / AFP via Getty Images NYC Mayor Zohran Mamdani is walking back a last-ditch proposal to hike city property taxes. Gov. Kathy Hochul secured $8 billion for the city, which would help bridge the current budget gap. Hochul and Mamdani still want to target multimillion-dollar second homes with a new tax. Mayor Zohran Mamdani is officially killing his property tax hike proposal for working New Yorkers, a City Hall sour...