February 17, 2026 at 02:24PM
Mamdani Threatens to Raise Property Taxes if There’s No Wealth Tax
New York City Mayor Zohran Mamdani warned that property taxes could rise by 9.5 percent if there is no adoption of a wealth tax. He framed the tax hike as a last-resort measure to address fiscal needs, signaling that alternative revenue options may be explored if a wealth tax is not implemented.