It's a shame that NYC can't raise more from property taxes / land taxes?

They sit on some of the most valuable real estate in the world, surely that should be able to find public infrastructure etc? Especially since the density they have would allow them to provide the infrastructure rather efficiently.

But they are so ham-strung / incompetent, they still have surface level street parking on public roads. Surely, there's more valuable uses of NYC real estate than that, and the market would be more than happy to find them.

(At least they made some inroads recently by introducing some congestion pricing. As neutered as that programme turned out, it's a lot better than nothing, which they had before.)