NYC mayor cites $180K racial wealth gap to justify taxes, police cuts
New York City Mayor Zohran Mamdani is pointing to stark racial wealth disparities — including a gap of more than $180,000 between White and Black households — to justify expanding...
By Fox News · Fox News
New York City Mayor Zohran Mamdani is pointing to stark racial wealth disparities — including a gap of more than $180,000 between White and Black households — to justify expanding diversity initiatives, raising taxes and cutting police positions. Mamdani last week released a 375-page "Preliminary Racial Equity Plan" that argues systemic racism is a key driver of those disparities, with White households holding more than $200,000 in median wealth compared to less than $20,000 for Black households. MAMDANI PLAN POURS MILLIONS INTO ‘RACIAL EQUITY’ OFFICES AND SIX-FIGURE DIVERSITY JOBS, CUTS 5,000 NYPD JOBS The Mamdani administration says the report will serve as a roadmap for future policy, including restoring diversity, equity and inclusion (DEI) programs and directing resources toward closing racial gaps in income, housing and education. The push aligns with Mamdani’s broader $127 billion agenda , which includes higher taxes on wealthy residents and corporations, a potential 9.5% property tax increase if state lawmakers do not act, and a reduction of roughly 5,000 NYPD officers. MAMDANI UNVEILS NEW ‘RACIAL EQUITY PLAN’ FOR MORE ‘EQUITABLE FUTURE’ THAT PROMPTS QUICK DOJ PUSHBACK "This is not an indictment of any one New Yorker," Mamdani said during a Tuesday press conference. "It is an indictment, however, of policies and politics that have persisted for far too long." City officials described the plan as the first time a New York City administration has required major agencies to evaluate their work through a racial equity lens and identify disparities. The plan sets goals across seven areas, including the economy, housing, public safety, health and infrastructure. The report traces racial disparities in the city back centuries, citing historical factors including colonization and slavery. FROM FREE BUSES TO CITY-OWNED GROCERY STORES, HERE ARE MAMDANI’S KEY ECONOMIC PROMISES The rollout quickly sparked pushback from conservatives and the Trump administration, which…