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Mamdani’s NYC budget plan counts on taxing pricey 2nd homes

With Hochul's help, Mamdani delivers massive NYC budget

In Zohran Mamdani's first executive budget in office, the city is relying heavily on state assistance to dig itself out of a multi-billion dollar hole.

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With latest lifelines from Hochul, Mamdani balances NYC budget

· 3d · on MSN

Mamdani’s NYC budget plan counts on taxing pricey second homes

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New York real estate groups blast Hochul's pied-à-terre tax

New York real estate groups are urging Albany lawmakers to reject Gov. Kathy Hochul's plans to set a new 4% tax on the sale of second homes to plug New York City's budget gaps.

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Mamdani touts $12M opioid settlement funds, but Staten Island D.A. says ‘it’s not enough’

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Opinion - Leftists terrified as their progressive poster child Mamdani fails in New York

Gothamist · 12h

Lawmakers plan tax on NYC cash home sales, as Hochul details pied-a-terre plan

The anticipated 1% tax on cash purchases will apply to real estate that sells for $1 million or more in the five boroughs, according to Heastie spokesperson Mike Whyland.

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Posts claim 700K New Yorkers signed petitions asking to recall Mamdani. There's no proof

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A new tax on NYC real estate sales aimed at helping Mamdani close city budget gap

Mamdani says $124B budget taxes the rich, but plan leans heavily on state aid, pension restructure

The budget was balanced with significant help from the state, including an additional $500 million in yearly revenue from the promised pied-à-terre tax on luxury second homes and $2.3 billion in savings by deferring pension fund payments

Columbus Dispatch

Ohio state budget now up to Gov. Mike DeWine. What's in it?

Ohio's proposed budget includes a flat income tax of 2.75% for earners above $26,051. $600 million in unclaimed funds would go towards a new Cleveland Browns stadium. Lawmakers stuck with a Senate plan to fund K-12 schools, but Democrats say it falls short.