Even then the legal requirement is about working in the companies interest, not strictly get more profit. It's become shorthand to just say profit, because it's a simple thing to point at.
It's not entirely wrong to think of nyc that way. It's not strictly true, but practically the city dictates much of the state's politics. It's similar with Chicago and Illinois.
Day to day policing is incredibly far removed from the mayor. There's multiple career politicians and bureaucrats that would delay any real progress for months.
The vast majority of states have some level of control on the increase in property taxes. Generally through a cap on appreciation, cap on tax increase, or both.
Even then the legal requirement is about working in the companies interest, not strictly get more profit. It's become shorthand to just say profit, because it's a simple thing to point at.