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Taxes first for Mamdani: New mayor is wrongly insisting on higher taxes

17 11
01.02.2026

Saying that there is a $12 billion hole in the city budget over the next two years, on Wednesday Mayor Mamdani was being transparently political in offering his mayoral campaign’s calls for twin tax hikes on the wealthiest individuals and on corporate filers before anything else. Only the next day did he even mention that he’s ordering agencies to find savings.

As is normal, he blamed his City Hall predecessor, Eric Adams, but weirdly he also blamed Andrew Cuomo who’s been gone from governor’s mansion for more than four years, but even weirder he didn’t blame Gov. Hochul, who is much more relevant, but he needs her.

Mamdani once said the higher personal income tax and corporate tax rate were needed for child care. But Hochul will fund child care without taxes. So Mamdani now has another reason........

© NY Daily News