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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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NY Proposes 9.5% Property Tax Hike
Zohran Mamdani says New York City faces a serious budget crisis and proposes either raising taxes on the wealthy—despite opposition from Kathy Hochul—or increasing property taxes by 9.5%. The property tax hike would require City Council approval and could significantly raise costs for homeowners, co-op owners, and renters, adding hundreds to thousands of dollars per year to housing expenses.
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