New York City Mayor Zohran Mamdani proposed a 9.5% property tax increase on Tuesday as part of his plan for the city’s “preliminary budget.” Mamdani said the tax hike was necessary to offset a $5.4 billion budget shortfall in the city due to the financial mismanagement by previous administrations.

New York Mayor Zohran Mamdani on Tuesday threatened “painful” tax hikes on millions of his constituents to close a city budget deficit.

New York Gov. Kathy Hochul has reportedly downplayed Mamdani’s warning.

Shares in the New York Times slipped after Berkshire Hathaway said it added a position in the media company and sold shares in Bank of America, Apple and Amazon.

A police report has revealed new details about celebrity chef Anne Burrell's death. The Food Network star died at the age of 55 in June 2025, and her cause of death was ruled a suicide five weeks later.

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A fiery explosion that ripped through a church in upstate New York on Tuesday injured five people, including the pastor and firefighters who responded to a report of a gas odor in the building, offici...

Authorities said five people were taken to Wynn Hospital in Utica, with the Boonville firefighter and a civilian listed in critical condition.