Mamdani Threatens NYC Property Tax Hike as Last-Resort Option

Bloomberg · Feb 17, 2026 · Collected from RSS

Summary

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.

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The Hill4 days ago

House Democrat: Mamdani's proposed wealth taxes 'not going to work'

Rep. Jared Moskowitz (D-Fla.) seemed skeptical Wednesday about the potential effectiveness of New York City Mayor Zohran Mamdani’s (D) proposed wealth tax, suggesting it may drive more people to flee south rather than pay. “I think that if Mamdani’s law were to go forward and he would increase taxes … you’ll see more people move...

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Mamdani Threatens NYC Property Tax Hike as Last-Resort Option

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House Democrat: Mamdani's proposed wealth taxes 'not going to work'

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Mamdani Threatens NYC Property Tax Hike as Last-Resort Option

Related Articles

House Democrat: Mamdani's proposed wealth taxes 'not going to work'

Mamdani asks New York State to raise taxes on 'ultra-wealthy' to address city budget deficit

Hungary to Block EU Sanctions, Loans Over Druzhba Standoff

Poland’s Azoty Seeks 83% Debt Writedown in Polymer Restructuring

Malaysia Islamist Party Ascends in Opposition Coalition Shake-Up

Malaysia’s Anti-Graft Chief Questioned in Shareholding Probe

Related Articles

The Hill4 days ago
House Democrat: Mamdani's proposed wealth taxes 'not going to work'
Rep. Jared Moskowitz (D-Fla.) seemed skeptical Wednesday about the potential effectiveness of New York City Mayor Zohran Mamdani’s (D) proposed wealth tax, suggesting it may drive more people to flee south rather than pay. “I think that if Mamdani’s law were to go forward and he would increase taxes … you’ll see more people move...

The Hill4 days ago
Mamdani asks New York State to raise taxes on 'ultra-wealthy' to address city budget deficit
New York Mayor Zohran Mamdani (D) asked Democratic Gov. Kathy Hochul to raise taxes on the “ultra-wealthy,” citing a "significant chasm" in the city's $5.4 billion deficit. During a preliminary budget proposal announcement on Tuesday, Mamdani laid out two different “paths” the city could take to address the deficit concerns. The first and “most sustainable and...

Bloombergabout 4 hours ago
Hungary to Block EU Sanctions, Loans Over Druzhba Standoff
Hungary plans to block every European Union decision concerning Ukraine, including a new sanctions package against Russia and key loans, until oil starts flowing again through the Druzhba pipeline in western Ukraine.

Bloombergabout 5 hours ago
Poland’s Azoty Seeks 83% Debt Writedown in Polymer Restructuring
Grupa Azoty SA seeks to settle just about 17% of debt taken to build the biggest propylene and polypropylene complex in central and eastern Europe.

Bloombergabout 5 hours ago
Malaysia Islamist Party Ascends in Opposition Coalition Shake-Up
Malaysia’s Islamist party is taking control of the opposition coalition following months of internal rift, a move that could increase its influence and disrupt the political landscape ahead of a general election due by 2028.

Bloombergabout 7 hours ago
Malaysia’s Anti-Graft Chief Questioned in Shareholding Probe
Malaysia’s anti-graft chief Azam Baki was summoned by a special committee set up to probe his stock ownership to explain the matter on Thursday, as authorities respond to calls for him to be investigated.