Mayor Zohran Mamdani said the only way to close a more than $12 billion budget gap was to raise taxes on the wealthy and corporations.

Sergey Brin donated $20 million to a new political drive aimed at solving California’s housing crisis, spurring other billionaires to pitch in. Their efforts may also help ward off a wealth tax.

The man, now 44, said he was repeatedly sexually abused when he was a child at a school in Newark in the 1990s.