Albany’s ‘tax the rich’ lefties dealt blow over NYC Council’s budget alternative

ALBANY – Lefty pro “tax the rich” lawmakers in Albany were feeling pretty poor Wednesday after the New York City Council released an alternative to Mayor Zohran Mamdani’s budget — and it doesn’t rely on a tax increase.

The liberal pols — who already blew their own April 1 budget deadline — have been committed to filling the $5 billion gap in Mamdani’s spending plan with some sort of tax increase, most likely corporate taxes, The Post reported earlier this week.

But Mamdani and his cronies were dealt a blow Wednesday by Big Apple City Council Speaker Julie Menin, whose camp laid out a proposal that would close the gap by rejiggering spending and revenue estimates along with $2 billion in savings, thus negating the need for Albany to approve tax hikes…

Story continues

TRENDING NOW

LATEST LOCAL NEWS