Mamdani Drops NYC Property Tax Hike In Budget Plan
BreakingBusinessMamdani Drops NYC Property Tax Hike In Budget PlanByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 12, 2026, 10:54am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineNew York City Mayor Zohran Mamdani has scrapped his threatened property tax hike, a politically unpopular measure he had floated to help close a two-year budget deficit, with the reversal expected to be reflected in his executive budget Tuesday as Governor Kathy Hochul agreed to send New York City an additional $4 billion to help close the gap, according to multiple reports. NEW YORK, NEW YORK - NOVEMBER 11 (Photo by Michael M. Santiago/Getty Images)Getty ImagesKey FactsGot a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Videoالمصدر: Forbes Business | Source: Forbes Business
ملاحظة تحريرية | Editorial Note: نُشر هذا المقال في الأصل بواسطة Forbes Business. خبر (Khabr) هي منصة إعلامية أردنية مرخّصة تعمل بالذكاء الاصطناعي. نضيف قيمة تحريرية من خلال: تحليل ذكي للأخبار، ملخصات تلقائية، رواية صوتية بالذكاء الاصطناعي، ترجمة متعددة اللغات، وتدقيق الحقائق. هدفنا جعل الأخبار أكثر وضوحاً وسهولةً للقارئ العربي.
This article was originally published by Forbes Business. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
