Zohran Mamdani: “We need to reform the real property tax system.”

“What we are talking about is eliminating inefficiencies and waste and ensuring that we're still a fully functioning city government. And then to your earlier question on real property tax, before I pass it over to our budget director, We need to reform the real property tax system. And that has been something that's been understood in our city for years prior to this budget crisis. It's a system that is unfair. It's a system that is inequitable.” (41:11–41:14)

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