Follow live updates on New York City politics as Mayor Zohran Mamdani is set to announce a record $122 billion budget proposal Tuesday.
The eye-popping amount — that one insider called “insanity” — is up more than $10 billion from the current year, and is fueled by a proposed property tax hike on New Yorkers, The Post has learned.
Mamdani will unveil the preliminary budget at 1:30 p.m. local time.
Get the latest news, analysis and more from our local politics reporters with up-to-the-minute updates: