Gov. Kathy Hochul is proposing state budget legislation that would allow New York City to impose a property tax surcharge on non-primary residences valued at more than $5 million, a plan her administration says could generate at least $500 million a year in recurring revenue for the city.
Related Articles
Mamdani’s first 100 days milestone ends where governing begins: The budget, and fixing a $5.9 billion hole
Op-Ed | A responsible path forward for New York City’s budget
MAMDANI’S FIRST 100 DAYS: Mayor blasts Menin over budget response, says Council ignores bigger problems
Affordability, integrity and the American Dream: Brooklynites react to Mamdani’s first 50 days in office
