Institute on Taxation and Economic Policy (ITEP)

February 19, 2026

Business Insider: Mamdani Says if the State Won’t Tax the Wealthiest New Yorkers, He’d Have To Tax the Middle Class as a ‘Last Resort’

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Without Albany’s willingness to hike income or corporate taxes, Mamdani is signaling he will need to turn to other measures to fund his budget. He’s floating increasing property taxes for the city’s residents. 

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Quoted Staff Member

Rita Jefferson
Rita Jefferson

Local Analyst