Mayor Bill de Blasio seeks solution to rising cost of living in State of the City address

Speaking at Harlem's Apollo Theater in his fourth State of the City address Monday, Mayor Bill de Blasio called for inclusiveness and for new ways to combat rising costs of living in New York City.



The mayor spoke for more than an hour about the people of New York and what the city is doing to help them.



The mayor said the rich need to pay more to help those less fortunate. He also pushed for the so-called mansion tax, a proposal that would add a tax to people buying a home for roughly $2 million or more.



Mayor de Blasio also said more will be done to find affordable housing for seniors, veterans and New Yorkers making up to $40,000 per year.



He stressed giving residents opportunities for education and to apply for nearly 40,000 new jobs that he says should be ready in the next four years in construction, life sciences and the fashion and film industries.



The mayor says he wants the jobs to be well-paying -- at least $50,000 per year.


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