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Mamdani Claims 9.5% NYC Property Hike Will Be ‘Last Resort’ as He Unveils Record $127B Budget

Posted

February 17, 2026

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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.

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#zohranmamdani #budget #nyc

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Mayor Zohran MamdaniGov Kathy Hochul'sThe New York PostNew York

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Mamdani Claims 9.5% NYC Property Hike Will Be ‘Last Resort’ as He Unveils Record $127B Budget · New York Post · Sentinel