The legislation provided a modest boost to councilmembers’ annual income — from $164,500 to $175,500 — and a sizable 18% increase for the mayor. If welcomed, Mamdani’s salary would rise from $258,750 to $305,800, a difference that’s greater than the average income in the Bronx.

The last pay hike for N.Y.C. officials came in 2016 and costs have risen more than 30% since then, which served as justification for the city council to move forward with a salary adjustment.

Samsung, SK Hynix, and Micron