Mayor Mamdani, NYCCouncil spar over $5.4B budget gap [aG3InYFXtaE]

Health Updated on August 07, 2026 EDT — Published on August 07, 2026 EDT

The New York City Council says it found $6 billion to close the city budget gap without increasing city property taxes. Mayor Zohran Mamdani has threatened to hike property taxes to close a $5.4 billion budget gap. A property tax increase would have to go through the City Council, and Speaker Julie Menin has said it’s a “non-starter.”