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by BoxFour
38 days ago
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They can and it often comes up: One of Mamdani's tax proposals was to raise property taxes, though he backtracked on it. Still, NYC's municipal budget is already the largest in the world by far. When I last looked, it was roughly double Tokyo's and bigger than many countries: NYC's municipal budget is larger than Singapore's, for example, and obviously NYC's budget gets to exclude things countries pay for like national defense. It's likely they will need to continue raising taxes, but we also need to take a hard look at how effective each dollar being spent is. |
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