New York City Mayor Zohran Mamdani unveiled a preliminary US$127 billion budget for fiscal year 2027 that includes a proposed property tax increase for both residential and commercial properties. The Mamdani administration...more
2/23/2026
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Early in his inaugural address, New York City Mayor Zohran Mamdani pledged to fix ‘a long-broken property tax system,' which is by far the single largest tax the City has, accounting for 43 percent of all tax collections....more
1/19/2026
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