Is Mamdani’s ‘Tax the Rich’ fight done?

This post was originally published on Politico.

Mayor Zohran Mamdani unveiled New York City's executive budget today.

DAYS THE BUDGET IS LATE: 42

ZO, THAT’S IT? For months, Mayor Zohran Mamdani has pressed the case that Albany must raise income and corporate taxes to help plug New York City’s $5.4 billion budget deficit.

So in rolling out an executive budget today that closes the gap without his favored state-level tax hikes, Mamdani made a significant concession, showing he did not, in fact, need the increases from Albany to shore up his spending plan.

When Playbook asked whether that means he’s throwing in the towel on his push for income and corporate tax increases, Mamdani signaled he’s content