In 2024-2025 fiscal year NY collected $162 BILLION in taxes. This initiative has a budget of $70 million. 0.04% of NY's tax revenue. If you paid $100 in taxes, this initiative would cost you, as a consumer, 4 pennies. This is a rounding error on your taxes, not the socialist end of the world.
USA TODAY OpinionOpinion: Mamdani's idea may sound appealing, but it's NYC taxpayers who will take the hit, subsidizing discounts they may never even use.