Photo: Lloyd Mitchell On the last Wednesday in January, Mayor Zohran Mamdani stood at a lectern in City Hall’s Blue Room and announced the city was facing a dire crisis: a $12 billion budget gap, larger than the deficit during the Great Recession or COVID. “It means,” he said, “that the time has come to tax the richest New Yorkers and most profitable corporations.” It was a gauntlet laid at the feet of Governor Kathy Hochul , who sought to align with the new mayor even as his supporters hounded

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