Why experts say Mayor Mamdani has more than one way to close NYC’s big budget deficit without raising taxes

Mayor Zohran Mamdani said last week that tax increases are vital to help the city close its $5.4 billion budget gap — but various business groups and other

Mayor Zohran Mamdani said last week that tax increases are vital to help the city close its $5.4 billion budget gap — but various business groups and other observers argue that there are plenty of other ways to reduce or even eliminate the deficit.
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Source: AM New York | Published: 2026-02-24T12:00:27Z

Credit: AM New York