Ask 10 people what it means to be "wealthy" and you'll probably get 10 different answers. Add boomers, rising living costs and the looming reality of 2026, and the definition gets even murkier. A.
The mayor says the city will be forced to raise property taxes if Governor Hochul and Albany refuse to increase taxes on the wealthy.
Mayor Zohran Mamdani proposed raising New York City property taxes by nearly 10%, having failed so far to persuade New York Gov. Kathy Hochul to increase taxes on corporations and the wealthy.
