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City Hall Delays NYC Budget as Albany Bailout Push Intensifies

1 min read
Source: Politico
TL;DR

New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin plan to push the May 1 executive budget deadline to mid-May, seeking additional Albany funding to close a roughly $5.4 billion gap and avoid a politically toxic property tax hike, while Governor Hochul remains reluctant to back broader tax increases.

Topics:nationpolitics#albany-aid#mamdani#menin#nyc-budget#pied-a-terre-tax#politics
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  1. Mamdani, Menin to announce delay of New York City budget amid Albany inaction  Politico
  2. Mamdani and Menin pressure Hochul for another tax on the rich  Gothamist
  3. ‘Crisis of historic magnitude': Mamdani says State should help with multi-billion budget gap  NBC New York
  4. Mamdani Pushes to Shrink NY Hedge-Fund, Private-Equity Tax Break  Bloomberg.com
  5. New York City extends executive budget deadline to May 12  ABC7 New York

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