NYTIMES (Sally Goldenberg and Dana Rubinstein) - Mamdani and City Council Agree on $126 Billion Budget
A handshake deal, reached right at the statutory budget deadline, will expand programs that offer housing vouchers and discounted transit fares.
DAILYCALLER (Mark Tanos) - Ex-NY Gov Blasts Kathy Hochul Over Redistricting Push
'Dire, dire situation'
JUSTTHENEWS (The Center Square Staff) - Mamdani unveils $127B NYC budget that he says puts city 'on firm financial ground'
New York City Mayor Zohran Mamdani rolled out a balanced budget Tuesday that closes an estimated $12 billion revenue gap he inherited from previous administrations.
NYTIMES (Sally Goldenberg, Dana Rubinstein and Benjamin Oreskes) - How New York City Is Solving Its Budget Crisis
A generous influx of state resources from Gov. Kathy Hochul and a new tax on luxury second homes will help Mayor Zohran Mamdani address a projected $5.4 billion deficit.
NYTIMES (Emma G. Fitzsimmons and Asmaa Elkeurti) - Do Higher Taxes Drive the Rich Away? Mamdani’s Plan Revives the Question.
Mayor Zohran Mamdani wants to raise income taxes on New York City’s millionaires. Tax increases elsewhere have not led to an exodus, but some worry the city is reaching a tipping point.
NYTIMES (Grace Ashford) - What We Know About New York’s Proposed Tax Increases
City leaders and state lawmakers are pushing Gov. Kathy Hochul to raise taxes on the wealthy, and they have floated several options.
JUSTTHENEWS (The Center Square Staff) - Mamdani faces growing backlash over NYPD cuts
The mayor's $127 billion spending plan calls for higher taxes on New York City's top earners and corporations, and a possible 9.5% blanket property tax increase if state lawmakers decline to approve his wealth tax plan to balance the budget.
JUSTTHENEWS (Misty Severi) - Mamdani says NYC needs to increase taxes on richest residents, corporations to fix budget deficit
New York City Comptroller Mark Levine said earlier this month that the city will have a budget shortfall of $2.2 billion in fiscal year 2026 and $10.4 billion in the 2027 fiscal year.