Mamdani backs down from property tax hike

New York City Mayor Zohran Mamdani has ditched an almost 10% property tax hike in his funds proposal, a “last resort plan” to stability the town’s funds hole. The New York City Council will vote on the funds by the top of June. CNN’s Katherine Koretski breaks down Mamdani’s tax measurements. #cnn #information #newyorkcity