“Free” carries a hefty price tag.

Socialist Zohran Mamdani’s lofty promises of an affordable, progressive Big Apple have electrified throngs of voters — and terrified others concerned about its costs.

The far-left Democrat’s policy proposals will need at least $10 billion and could fundamentally reshape the Big Apple’s economy and government.

Here’s how New York City could change under a Mamdani mayoralty:

Higher taxes on the rich and corporations

Mamdani’s sweeping policy goals are largely hinged on a “tax-the-rich” promise .

The Queens assemblyman proposes to raise taxes on millionaires by 2% and hike the corporate tax rate to 11.5%.

Doing both would raise roughly $9 billion, his campaign contends.

But a mayor can’t magically raise those taxes — Mamdani would need state lawm

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