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News Wire / economy

New York City Property Tax Hike Scrapped

New York City 1h Impact 3
New York City's proposed 9.5% property tax increase has been canceled by Mayor Zohran Mamdani. The hike may be reintroduced if alternative solutions to the city's $12 billion deficit are not found.

Topics

property tax municipal finance budget deficit

Developing

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Sources · 7 independent

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