‘What Would the Property Tax Be Increased To?’: Mamdani Confronted Over Budget Plan

During a press briefing on New York City’s preliminary Fiscal Year 2027 budget, Mayor Zohran Mamdani was asked directly what a potential property tax increase would look like if implemented. The question, described as the “nuclear option,” comes amid debate over how the city will close budget gaps while balancing spending priorities and pressure from Albany. Mamdani has previously described any property tax hike as a last resort.