NYC Mayor Mamdani Begs Albany for Cash to Close ‘Multibillion Dollar Budget Gap’

EXCERPT:

REPORTER: "Mayor Mamdani and Council Speaker Julie Menin are calling on Albany to help close the city’s multibillion dollar budget gap. They’re urging the governor and the legislature to significantly increase city revenue in the state budget, including by reducing the passthrough entity tax credit, or PTET, on partnerships and corporations to generate revenue."