Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=VsW4aKAJHaa Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Mamdani Claims 9.5% NYC Property Hike Will Be ‘Last Resort’ as He Unveils Record $127B Budget [JS2u4N8Nt1M] Health Updated on August 11, 2026 EDT — Published on August 11, 2026 EDT Mayor Zohran Mamdani has declared that property taxes will require a 9.5% hike across NYC to make up for Gov. Kathy Hochul's refusal to hike taxes on NY's wealthy. He will also drain the city's rainy day fund by $1 billion. He repeatedly stressed Tuesday that this hike will be a "last resort" that will only materialize in the event Hochul doesn't follow through on tax hikes. Read more at #zohranmamdani #budget #nyc The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more. Subscribe to New York Post Sports: Catch the latest news here: Follow The New York Post on: Twitter - Facebook - e6TQDXofZK2 07ESAOqd38w J8hAyab2P7g QYNP8Mn8rxW BxOD1SNGgKq aREG2BG1UfK
Mayor Zohran Mamdani has declared that property taxes will require a 9.5% hike across NYC to make up for Gov. Kathy Hochul's refusal to hike taxes on NY's wealthy. He will also drain the city's rainy day fund by $1 billion. He repeatedly stressed Tuesday that this hike will be a "last resort" that will only materialize in the event Hochul doesn't follow through on tax hikes. Read more at #zohranmamdani #budget #nyc The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more. Subscribe to New York Post Sports: Catch the latest news here: Follow The New York Post on: Twitter - Facebook - e6TQDXofZK2 07ESAOqd38w J8hAyab2P7g QYNP8Mn8rxW BxOD1SNGgKq aREG2BG1UfK