Mamdani Says He Will Raise Property Taxes In NYC By 10% to Help Make the City Affordable'
Mayor Zohran Mamdani plans to raise NYC property taxes by about 9.5–10% and tap reserves unless the state increases taxes on corporations and the wealthy.
MAMDANI'S FIRST BUDGET: Mayor warns property tax hikes loom without state action | amNewYork
New York City faces a $5.4 billion budget gap; Mayor Mamdani seeks state tax hikes on the ultra-wealthy or city property tax increases could burden working residents.
Top 10 States Charging The Most in Taxes In 2026 - See Where Yours Ranks
Per-capita state and local tax collections vary widely, with at least 10 states collecting over $8,000 per person, exceeding the $7,109 national average.
Trump cut income taxes on tips and overtime, but many states-even some led by Republicans-haven't done the same yet | Fortune
States must decide whether to adopt federal tax breaks for tips, overtime, vehicle loans and equipment — choices that affect taxpayer savings and state budgets.