Mamdani Scraps Planned NYC Property Tax Hike in Budget Plan

New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers’ property taxes — an unpopular measure he threatened to use to help close a two-year deficit.

The decision to drop the tax hike is expected to be included in Mamdani’s executive budget on Tuesday, according to a person familiar with the matter. That marks the latest version of the mayor’s spending plan for the fiscal year that begins July 1.