But Mayor Zohran Mamdani still favors billions of social services spending — among the budget's biggest costs.

New York Gov. Kathy Hochul, who would have to sign off on any increase, has said she opposes income-tax hikes.

New York City Mayor Zohran Mamdani is calling for a wealth tax on the city’s richest residents. Mamdani said Wednesday that ...

Mamdani has said he wants households making more than $1 million to pay an additional 2% in taxes.

The first lady also rang the opening bell at the New York Stock Exchange on Jan. 28, ahead of the film's release.

City Hall will release a preliminary budget that balances fiscal 2026 and fiscal 2027, as required by law, next month.

Mayor Zohran Mamdani lambasted former Mayor Eric Adams for a “fiscal crisis” on Wednesday, laying the blame on Adams for a ...

Mayor Zohran Mamdani called out his political rivals for gross fiscal mismanagement on Wednesday, saying their decisions have ...

It’s a poor Mam who blames his tools. Mayor Zohran Mamdani served up plenty of finger-pointing, but few details Wednesday on ...

Mayor Zohran Mamdani calls to disband the NYPD protest unit, while demanding higher taxes on wealthy residents to address the ...

The mayor’s remarks came as he launches a public push on Gov. Hochul to raise taxes for the city’s richest residents and ...