She’s refusing to give him more and more money to play with in his Socialist paradise-to-be:

Mayor Zohran Mamdani joined forces with City Council Speaker Julie Menin to try to squeeze more dough out of Albany — a plea that an increasingly peeved Gov. Kathy Hochul rejected Tuesday.

Hochul was forced to answer questions about forking over more money to help bail out the Big Apple shortly after the lefty Mamdani and moderate Menin called to peel back a tax credit as the city struggles to fill a projected multibillion dollar budget gap.

The governor claimed she was turning the tap off, but political insiders questioned if her stance was firm after she has already appeased the democratic socialist mayor and the “tax the rich” crowd with a new proposed levy on pricey second homes in the city.

And then we have this:

Mayor Zohran Mamdani and Gov. Kathy Hochul’s proposed tax on luxury second homes in the Big Apple will fall far short of its $500 million goal — and drive wealthy residents out of the city, according to the city comptroller’s office.

City Comptroller Mark Levine found that the proposed policy — framed as a needed revenue booster for the city and state — would likely bring in closer to $340-$380 million, over $100 million less than Hochul and Mamdani have claimed.

Controllers actually have to do math.

More:

The tax — which would apply to secondary homes priced a $5 million or more and follow a sliding scale based on assessed value — would target around 13,000 residences, but the comptroller’s audit warned that revenue estimates move were based heavily on unknown factors.

Many of the pricey pads are rented to tenants by the owners, which may exclude them from the tax, and it was unclear how the levy would treat homes owned by trusts, LLCs, or family members.

The report, released Thursday, also looked at a similar tax implemented in Vancouver, Canada in 2017 — which resulted in nearly 60% of second home owners selling off their properties to avoid the costly fee as of 2025.

The comptroller assumes the city could see a similar scramble to sell homes — estimating an around 10% revenue loss.

Ah, but maybe they’ll institute the brilliant “exit tax” solution – taxing people who sell in order to leave the state. That’ll do wonders to attract a great many new buyers, right?

Hochul really can’t complain. Although her backing came rather late in the game, she endorsed Mamdani in the election.

More:

New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin are calling for a new way to tax the rich. They want the state to reduce something called the Pass-Through Equity Tax credit, aka PTET.

“The PTET is essentially a loophole that allows high-income earners to reduce their federal tax burden,” Mamdani said. …

“That’s not happening,” Hochul said. “We are not changing PTET.”

Hochul said she has already found over $4 billion in state aid for the city, and that Mamdani and Menin have a spending problem.

“And we’ve encouraged the speaker and the mayor to do what every other city has to do, [which] is look at your expenses. What is growing exponentially? They have programs that are growing not 4% a year, but 4% [in] months. And so they have to do whatever the other city is doing,” Hochul said.

Socialists don’t believe in cutting expenses, Kathy. They never run out of other people’s money.

NOTE: Mamdani made this this classy move with King Charles:

Mamdani’s eagerness to avoid Charles was clear, his team distancing themselves from the king from the moment the 9/11 ceremony, at the World Trade Center, was announced. “The mayor will not meet privately with King Charles. But the mayor will be at the wreath laying ceremony today,” Joe Calvello, the mayor’s press secretary, said in a terse statement on Wednesday morning.

Charles should count himself lucky, as even the leftist Guardian acknowledges:

It was hardly the treatment Charles is accustomed to, but as the day unfolded it seemed he may have gotten lucky by avoiding a private audience. Asked on Wednesday morning what he would say to Charles if they were to spend time together beyond the ceremony, Mamdani said: “If I was to speak to the king separately from that, I would probably encourage him to return the Koh-i-Noor diamond.”

The 106-carat diamond, which currently sits in the crown worn by the queen mother, has been the subject of an ownership dispute since it came into the possession of Queen Victoria in 1849. Critics say the diamond, which is the size of a hen’s egg, was immorally taken from Duleep Singh, a 10-year-old maharajah whose kingdom was seized by the British.