Even as City Hall describes parts of its spending plan as "actions of last resort," Mayor Zohran Mamdani is steering millions into an expanding "racial equity" bureaucracy and six-figure diversity positions.To finance the $127 billion agenda, the plan carries steep trade-offs — higher taxes on wealthy residents and corporations, a potential 9.5% property tax increase if state lawmakers decline to act and a 5,000-officer reduction in the New York City Police Department’s ranks.Mamdani’s budget is far from inconsequential. In a city of nearly 9 million people that represents the center of global...

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