Posted in NY Post Mamdani is out of touch with impact of real estate taxes to city coffers, REBNY report shows May 17, 2026 Real estate industry-generated tax revenue rose to a record $39.6 billion in fiscal 2025, accounting for nearly 50% of locally generated tax revenue and up from the previous year’s $37 billion. https://nypost.com/2026/05/17/business/mamdani-is-out-of-touch-with-impact-of-real-estate-taxes-to-city-coffers-rebny-report-shows/