The election of Zohran Mamdani sent shockwaves across the country.
His election was a message to not only Republicans but the Democrat establishment. Socialism has come.
Mamdani’s blueprint for New York City is simply stunning.
Mamdani threatened to raid NYC’s Rainy Day Fund and the Retiree Health Benefits Trust Fund to pay for his plans.
Mamdani floats higher New York City property taxes as part of a $127B budget plan — far larger than Florida’s, despite the city’s double the population — as @JackieDeAngelis joins Brian at the wall to discuss. pic.twitter.com/rSODaXVyd3
— FOX & Friends (@foxandfriends) February 18, 2026
New York City Mayor Zohran Mamdani warned that his preliminary budget would be a tax on working- and middle-class New Yorkers on Tuesday.
“Property taxes would be raised by 9.5%. This would effectively be a tax on working- and middle-class New Yorkers who have a median income of $122,000,” the mayor said.
Mamdani unveiled his preliminary budget proposal for 2027, outlining a plan to close a projected $5.4 billion deficit. Under state law, New York City must pass a balanced budget. To bridge the gap, Mamdani proposed a 9.5% increase in property taxes and “raiding” the city’s Rainy Day Fund and the Retiree Health Benefits Trust Fund. “The city would also take $980 million from its Rainy Day Fund and take $229 million from the Retiree Health Benefits Trust,” he said.
Mamdani’s proposal would increase the city’s overall spending from former Mayor Eric Adams’ $115 billion budget to $127 billion. Mamdani described the property tax hike and reserve raid as a last resort, preferring to instead raise taxes on high-income earners and corporations, which would require approval from New York Governor Kathy Hochul, who has promised New Yorkers she will not raise taxes in 2026. Without Hochul agreeing to raise taxes, Mamdani is left with raising property taxes as his administration’s primary lever.
I had to read this four or five times. I couldn’t believe what I was reading. This should be a wake up call to all conservatives. Put your pride and ego to the side and back Republicans in the upcoming midterms and presidential elections.
If you don’t back them this is what the future for America holds. In typical socialist fashion, the policies Mamdani pushes always end up hitting the middle class. He blames Hochul now but once the rich flee the state the burden will fall back onto the middle class.
This is the future of the Democrat party.
