“Mayor Mamdani is right to be concerned about the city’s budget gap, but the reality is that raising taxes in what is already the highest taxed environment in the country simply is not a real solution. Inevitably, the outcome will be higher costs that impede job growth and further escalate the affordability crisis as increased costs to businesses trickle down to everyday New Yorkers.

The Partnership for New York City’s member businesses invest billions of dollars into the city’s economy and employ nearly 500,000 people across the five boroughs. Our goal is to be helpful to Mayor Mamdani and help him solve the budget gap by working towards solutions as we have a shared goal of an affordable NY. The city is best when the private and public sector work together and we stand ready to help.”