The Daily Dirt: Mamdani revives property tax promise

Mayor Zohran Mamdani said his property tax reform plan is imminent. New Yorkers have heard that before. Earlier this week, the administration released its preliminary budget, which included raising property taxes in the city by 9.5 percent in order to cover a $5 billion shortfall — a move Mamdani said he’d only tap as a “tool of very last resort” and one Gov. Kathy Hochul doesn’t seem inclined to support. Alongside the budget, Mamdani also indicated he planned to float a proposal to reform the city’s property tax system to New York State legislators in the next few weeks, echoing […] This article originally appeared on The Real Deal. Click here to read the full story.