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Live Updates  >  Live Update Details

2026-02-18 01:38:55

New York City Mayor Mamdani plans to raise the city's property tax to fill the current budget gap. In recent years, New York City has faced repeated fiscal pressures, and adjusting the property tax, a crucial source of revenue for the local government, is seen as an important means of alleviating the fiscal deficit. Previously, New York City has also considered measures such as cutting public service spending due to financial problems.

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