Hochul Resists Tax Hikes as Mamdani Pushes Wealth Tax in NYC Budget Fight
TL;DR Summary
Gov. Kathy Hochul unveils a $260 billion budget that avoids tax increases, even as Mayor Zohran Mamdani pushes for higher taxes on the wealthy and large corporations to cover New York City’s $12.6 billion budget gap, signaling a looming clash with the left and potentially the Legislature as affordability remains a central theme.
- Simmering tax hike debate thickens between Hochul and Mamdani Politico
- Hochul Unveils $260 Billion N.Y. Budget That Avoids Raising Taxes The New York Times
- NY Gov. Kathy Hochul won't increase income tax to balance New York's $260B budget proposal abc7ny.com
- Hochul’s $260 billion budget proposal includes no new taxes, increased spending on kids gothamist.com
- New York Budget Doesn't Include Much-Feared Tax Hike For Millionaires Bloomberg
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