Bill Ackman Takes Aim at Zohran Mamdani As 18.2% Mayor Pay Raise Sparks Fresh Questions Over NYC's Rent Freeze Policy: 'How Is This Fair?'

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Billionaire investor Bill Ackman questioned New York City Mayor Zohran Mamdani (D) on Tuesday after a mayor-appointed commission recommended an 18.2% salary increase for the mayor and other elected officials, arguing the proposal contradicts the city’s recent rent freeze policy.

“Mamdani’s appointed advisory commission is recommending an 18.2% raise for himself and other elected officials purportedly because of inflation, yet his self-appointed Rent Guidelines Board, which is supposed to consider inflation in setting rents, froze rents for two years,” Ackman wrote on X. “A question for the mayor: How is this fair or appropriate?”