Mamdani asks New York State to raise taxes on 'ultra-wealthy' to address city budget deficit 


New York Mayor Zohran Mamdani (D) asked Democratic Governor Kathy Hochul to raise taxes on the “ultra-wealthy”, citing a “significant gap” in the city’s $5.4 billion deficit. During the announcement of the preliminary budget proposal Tuesday, Mamdani outlined two different “paths” the city could take to address deficit concerns. The first and “most durable and…

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