Mamdani asks New York State to raise taxes on ‘ultra-wealthy’ to address city budget deficitĀ 

New York Mayor Zohran Mamdani (D) asked Democratic Gov. Kathy Hochul to raise taxes on the ā€œultra-wealthy,ā€ citing a “significant chasm” in the city’s $5.4 billion deficit. During a preliminary budget proposal announcement on Tuesday, Mamdani laid out two different ā€œpathsā€ the city could take to address the deficit concerns. The first and ā€œmost sustainable and… Ā