NYC Mayor Budget Crisis

NYC Mayor Zohran Mamdani's controversial $127B budget proposal threatens property tax hikes and NYPD cuts, sparking political backlash.

Trending on February 20, 2026

nyc mayorzohran mamdanimayor zohranproperty taxes

26 posts from the past week

LAST RESORT: NYC Mayor Zohran Mamdani is threatening to raise property taxes by 9.5% if the state rejects his plan to tax the “ultra-wealthy.” His $127 billion budget proposal could take a “last resort” path, escalating tensions with Gov. Hochul and putting him at odds with a key campaign promise.

3.0M views

@foxnewsFeb 18

LAST RESORT: NYC Mayor Zohran Mamdani is threatening to raise property taxes by...

188.5K likes7.7K comments6.5% eng.

JUST IN: "We are forced to raid the rainy day fund, the reti...

2.4M views

@PolymarketFeb 17

JUST IN: "We are forced to raid the rainy day fund, the retiree health benefits...

5.8K likes1.4K comments0.3% eng.

BUDGET CUTS: NYC Mayor Zohran Mamdani aims to cancel 5,000 N...

2.1M views

@FoxNewsFeb 18

BUDGET CUTS: NYC Mayor Zohran Mamdani aims to cancel 5,000 NYPD officer hires an...

7.5K likes4.0K comments0.6% eng.

JUST IN: Zohran Mamdani plans to raise property taxes in NYC

1.4M views

@KalshiFeb 17

JUST IN: Zohran Mamdani plans to raise property taxes in NYC

1.7K likes371 comments0.1% eng.

TAX TUG-OF-WAR: NYC Mayor Zohran Mamdani issues a stark ultimatum to the Empire State: Give him the green light to tax "the ultra-wealthy" and corporations, or he’ll slap working New Yorkers with a massive property tax hike. "Faced with no other choice, the city would have to exercise the only revenue lever fully within our own control. We would have to raise property taxes."

1.0M views

@foxnewsFeb 18

TAX TUG-OF-WAR: NYC Mayor Zohran Mamdani issues a stark ultimatum to the Empire...

36.2K likes11.0K comments4.6% eng.

SOCIALIST ULTIMATUM: NYC Mayor Mamdani is threatening to hike property taxes by 9.5% if the state refuses to approve his plan to tax the "ultra-wealthy." The mayor's $127 billion budget proposal relies on a "last resort" path that highlights his growing tension with Gov. Hochul, Fox News' Nate Foy reports. While the mayor is asking Albany to help bridge the city’s $5.4 billion deficit, the governor remains not supportive of the tax-the-rich alternative. His proposal is also facing headwinds with the city council.

966.3K views

@foxnewsFeb 18

SOCIALIST ULTIMATUM: NYC Mayor Mamdani is threatening to hike property taxes by...

52.0K likes1.7K comments5.5% eng.

TAX TUG-OF-WAR: NYC Mayor Zohran Mamdani issues a stark ulti...

382.2K views

@FoxNewsFeb 18

TAX TUG-OF-WAR: NYC Mayor Zohran Mamdani issues a stark ultimatum to the Empire...

1.6K likes2.4K comments1.0% eng.

A $10 million mansion costs you again every year 🏠💸

Buying the house is $10 million, then closing costs hit $300,000 and furnishing runs $500,000. After that, ownership runs over $750,000 per year, driven by staff and grounds ($250,000), maintenance and repairs ($200,000), and property taxes ($150,000).

That annual spend doesn’t pause when the market does. It needs steady cash flow, not just a big net worth number.

At $75 million net worth, the mansion stays a choice, not a strain.

#Money #RealEstate #LuxuryHomes #Mansion #WealthInequality

361.4K views

@wealthFeb 18

A $10 million mansion costs you again every year 🏠💸 Buying the house is $10 m...

14.5K likes149 comments0.0% eng.

Forced to Raise Taxes? Mamdani Blames Everyone Else

308.5K views

@pbdpodcastFeb 19

Forced to Raise Taxes? Mamdani Blames Everyone Else

8.5K likes396 comments2.9% eng.

PALM TREES NOT INCLUDED: NYC Mayor Zohran Mamdani’s new $127...

#10

304.3K views

@FoxNewsFeb 18

PALM TREES NOT INCLUDED: NYC Mayor Zohran Mamdani’s new $127B proposal for New Y...

6.4K likes585 comments2.3% eng.

Warner Bros Bidding War & Musk’s Retirement Warning | PBD #741

#11

294.2K views

@pbdpodcastFeb 18

Warner Bros Bidding War & Musk’s Retirement Warning | PBD #741

8.0K likes663 comments3.0% eng.

“Your Silence CAUSED This” - Mamdani TARGETS Property Owners In NYC Tax Showdown

#12

258.8K views

@valuetainmentFeb 18

“Your Silence CAUSED This” - Mamdani TARGETS Property Owners In NYC Tax Showdown

7.5K likes1.2K comments3.4% eng.

Zohran Mamdani said New York City’s budget pressures—driven by rising labor costs, debt payments, and limits on new local taxes—are forcing officials to dip into emergency reserves, tap retiree health funds, and raise property taxes to close gaps.

#13

253.1K views

@polymarketFeb 18

Zohran Mamdani said New York City’s budget pressures—driven by rising labor cost...

2.6K likes942 comments1.4% eng.

.@Jerrythekid21's first three sales calls of the night - Fo...

#14

242.3K views

@tBushGamingFeb 17

.@Jerrythekid21's first three sales calls of the night - Former NYC mayor Eric...

3.4K likes20 comments1.4% eng.

Rob Schmitt: "Mamdani today admitting that he couldn't get i...

#15

175.0K views

@NEWSMAXFeb 18

Rob Schmitt: "Mamdani today admitting that he couldn't get it done. The revenue...

5.8K likes217 comments3.4% eng.

JUST IN: NYC Mayor Mamdani planning to hike property taxes t...

#16

139.1K views

@PolymarketFeb 17

JUST IN: NYC Mayor Mamdani planning to hike property taxes to fill the growing b...

904 likes179 comments0.8% eng.

Zohran Mamdani announced a $127 billion preliminary budget for New York City while warning that property taxes could rise if political leaders fail to approve higher taxes on the city’s wealthiest residents and corporations.

Mamdani said refusing to tax the wealthy would allow the city’s structural budget crisis to persist, ultimately forcing working- and middle-class New Yorkers to shoulder the burden through higher property taxes and depleted reserves.

Traders predict a 14% chance Mamdani passes the 2% Millionaire Tax before 2027.

#17

120.4K views

@polymarketFeb 19

Zohran Mamdani announced a $127 billion preliminary budget for New York City whi...

4.8K likes385 comments0.0% eng.

“Mamdani Is A LIAR” - New Yorkers REVOLT As NYC Property Tax Fight Goes NUCLEAR

#18

96.3K views

@valuetainmentFeb 20

“Mamdani Is A LIAR” - New Yorkers REVOLT As NYC Property Tax Fight Goes NUCLEAR

3.2K likes434 comments3.7% eng.

Zohran Mamdani is facing backlash from New Yorkers after warning that property taxes could rise under his proposed budget, with critics arguing the increase would further strain homeowners and renters already struggling with high living costs.

#19

75.0K views

@polymarketFeb 20

Zohran Mamdani is facing backlash from New Yorkers after warning that property t...

2.0K likes341 comments3.1% eng.

“[Mamdani is] finding very quick that New York City, which h...

#20

58.6K views

@NEWSMAXFeb 20

“[Mamdani is] finding very quick that New York City, which has been on a drunken...

992 likes56 comments1.8% eng.

BREAKING: NYC Mayor Mamdani proposes preliminary city budget...

#21

52.6K views

@PolymarketFeb 17

BREAKING: NYC Mayor Mamdani proposes preliminary city budget of $127,000,000,000...

437 likes92 comments1.0% eng.

New York City Mayor Zohran Mamdani is facing backlash from h...

#22

49.7K views

@NEWSMAXFeb 18

New York City Mayor Zohran Mamdani is facing backlash from homeowners and even s...

756 likes118 comments1.8% eng.

@jerrythekid21’s first three sales calls of the night

- Former NYC mayor Eric Adams
- Part owner of the 76ers David Adelman
- Brooks Koepka

#23

26.6K views

@tbushgamingFeb 17

@jerrythekid21’s first three sales calls of the night - Former NYC mayor Eric A...

810 likes8 comments3.1% eng.

NYC Mayor Zohran Mamdani is warning property taxes could rise by 9.5% to help close a multibillion-dollar budget gap if Albany refuses to approve higher taxes on the wealthy.

Critics say it could spark an “exodus” and drive up rents, while the plan is already facing heavy backlash from real estate groups and some officials.

#24

26.5K views

@kalshiFeb 17

NYC Mayor Zohran Mamdani is warning property taxes could rise by 9.5% to help cl...

1.1K likes365 comments0.0% eng.

Jersey Jerry Makes Sales Call To Eric Adams & 76ers Owner

#25

8.5K views

@tbushgamingFeb 17

Jersey Jerry Makes Sales Call To Eric Adams & 76ers Owner

288 likes18 comments3.6% eng.

@Jersey Jerry’s first sales calls of the night - Former NYC mayor Eric Adams - Part owner of the 76ers David Adelman - Brooks Koepka

#26

8.2K views

@tbushgamingFeb 17

@Jersey Jerry’s first sales calls of the night - Former NYC mayor Eric Adams -...

328 likes4 comments4.0% eng.

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