Mamdani cannot deliver because he cannot raise taxes… FOR GOOD REASON!
In 1975, New York City almost went bankrupt and the State of New York had to bail uit out financially, and a condition of them doing so was control over our finances. Here’s my first AI breakdown.
New York City's ability to raise taxes is subject to limitations imposed by New York State laws, particularly in the area of property taxes.
Here's a breakdown:
Property Tax Cap: New York State has a property tax cap limiting the annual increase in the tax levy (total property taxes billed) for local governments, including NYC, to the lower of 2% or the rate of inflation, according to the Office of the New York State Comptroller. However, individual property tax bills can increase more than 2% due to factors like changes in assessed value.
State Legislature and Governor Approval: For significant tax increases, like those proposed on high-income residents or corporations, New York City requires the approval of the State Legislature and the Governor.
Home Rule Powers: While New York City, like other local governments in New York, possesses a degree of "home rule" power that allows it to manage local affairs, this power has limitations, especially regarding taxation, where the state maintains ultimate authority.
Specific Examples:
One recent example of a proposed tax that would require state approval is a "luxury pied-à-terre surcharge" on homes not occupied by their owners, according to the NYC Comptroller's office.
The state itself, not the city, raised personal income taxes on millionaires and increased corporate income taxes in 2021.
Property Tax Assessment: New York City's system for determining property taxes has been criticized as unfair and is facing a lawsuit alleging lower-income homeowners and owners of large apartment buildings pay more relative to their property values.
In essence, while New York City has some control over its finances and can raise certain taxes within existing state laws, significant changes often necessitate approval from the New York State legislature.
Replies to: Mamdani cannot deliver because he cannot raise taxes… FOR GOOD REASON!
Mamdani's proposals have been enacted in other states, and they are indeed possible in NY...
...as noted in the attached Forbes article.
Link: https://www.forbes.com/sites/kellyphillipserb/2025/06/27/will-mamdanis-proposed-millionaire-tax-save-or-sink-new-york-city/
NYC would be foolish to vote this guy in.
(no message)
So then, who is your governor again and which party controls the heavily gerrymandered strings?
Dems.
And what party specifically brought up this candidate from nowhere, with no resume from his parents basement to take over?
I wouldn’t feel too secure about those state level protections.
But you are right that Mandami can’t deliver….because communism can’t deliver. And NYC is about to elect its first antisemitic communist.
First?
I guess de Blasio wasn't usually openly anti-semitic...
Link: What’s behind de Blasio’s anti-Semitic outburst? The authoritarian impulse
Fair. Borrowing from Zoolander movie then, Mamdani is the first “Slashy” (communist/antisemite).
I’m sorry that you’ve had to deal with such idiocy, and it doesn’t look like it is over.
Have you considered moving home and working remotely?
The NY state Dems won't dare to ok tax increases... the citizens of that state are already fleeing!
Mamdani's base is all in NYC... like AOC's.
Link: https://www.tax-rates.org/taxtables/income-tax-by-state
Won’t dare? They just did in 2021. Also installed a congestion tax.
(no message)
It's easy to avoid that tax... just stay out of the congestion zone.
Mamdani can't raise much from that tax and he can't raise property of income taxes without the state legislature.
Leaving more&more communist leaning libs left behind in NY which is gerrymandered to gills already.
(no message)