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Mamdani Threatens Property Tax Increase in NYC

Filed: Feb 17, 2026 at 8:03 PM ET
Summary: Mayor Zohran Mamdani proposed a 9.5% property tax hike as a last resort to address budget issues.
WHO: Mayor Zohran Mamdani
WHAT: Proposed property tax increase
WHEN: Feb 17, 2026 at 7:43 PM ET
WHERE: New York City
WHY: To close a budget gap
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