Mayor Mamdani says if the state doesn’t enact new taxes on the wealthy, a local property tax hike may be needed to close New York City’s massive budget gap. Council Speaker Julie Menin told our senior political reporter TaraRosenblum that idea is “dead on arrival.” So how should the city close the gap: raise taxes or find savings in the budget? Catch the exclusive interview this Sunday in a special edition of Power and Politics. . . . #News12 #PoliticalNews #NewYorkNews #NY #NewYork