Mayor Zohran Mamdani said his proposal to raise New York City property taxes was a “last resort” to close a budget gap. Mayor Zohran Mamdani on Tuesday proposed to raise property tax rates in New York City by nearly 10 percent, a measure he is casting as a “last resort” to be deployed if he cannot persuade Gov. Kathy Hochul to raise income taxes on the wealthy. The su... [1715 chars]
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