When New York City Mayor Zohran Mamdani ran for mayor, he promised affordability and lower costs.
His campaign platform reads, “New York is too expensive. Zohran will lower costs and make life easier.”
It took less than two months for Mamdani to run out of money. Now, he’s trying to hike property taxes, tax the so-called rich to fill a $5.4 billion budget deficit, and raid rainy day funds.
This week, Mamdani pitched a record $127 billion budget. He blamed the past leadership’s fiscal management, yet he refused to cut expenses.
Mamdani gave two options to fill the budget deficit: hike taxes on the rich and large companies or hike property taxes on New York City property owners. But he doesn’t offer a third option to cut down the city’s massive budget.
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As Margaret Thatcher once said: The problem with socialism is that you always run out of other people’s money. Mamdani now seeks a 10 percent property tax increase, which will likely raise the price of rent.
This week, Mamdani pitched a record $127 billion budget. He blamed the past leadership’s fiscal management, yet he refused to cut expenses.
