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News
Hochul confronted on study showing millionaire exodus in New York City
1+ mon, 4+ week ago (644+ words) 'Good Day New York' anchor Rosanna Scotto warns that high earners are fleeing New York City due to 'Tax the Rich' policies, costing the city $10.7 billion in lost tax revenue. A Citizens Budget Commission study revealed New York's share of…...
New York’s socialist mayor abandons property wealth tax
4+ mon, 7+ hour ago (412+ words) The mayor of New York City has scrapped his plans to raise property taxes on expensive second homes after angering local millionaires and billionaires. Zohran Mamdani had threatened to raise taxes on properties worth more than $5m (£3.7m), hitting 0.4pc of the city’s…...
Albany Sending $4 Billion To Cash-Strapped New York City
4+ mon, 14+ hour ago (101+ words) More big bucks are heading to Albany. In a news release issued Tuesday, state Gov. Kathy Hochul and Mayor Zohran Kwame Mamdani announced new state support and actions to help New York City close its budget deficit ahead of the…...
‘Still incomplete': Key questions unanswered on New York state budget
4+ mon, 5+ day ago (935+ words) Published May 7, 2026 at 3:56 p.m. ET Gov. Kathy Hochul says she’s reached a “general agreement” on a New York state budget — but major policy proposals still aren’t settled, including Democrats’ plan to tax pieds-à-terre in New York City. The Democratic governor said…...
New Yorkers rally behind Mamdani as Hochul shuts down more budget help
4+ mon, 1+ week ago (833+ words) New Yorkers are standing behind Zohran Mamdani's campaign promise of taxing the rich days after Gov. Kathy Hochul shut down the idea that the state could send more money for the city's immense budget gap. Democratic Socialists of America are…...
New York passes seventh budget extender as negotiations inch forward
4+ mon, 2+ week ago (294+ words) New York lawmakers have once again pushed back the state budget deadline, approving a short-term extender that keeps government operations running while negotiations continue behind closed doors. The Legislature on Monday passed a seventh budget extender — nearly four weeks after…...
New York State budget due Monday after six deadline extensions
4+ mon, 2+ week ago (122+ words) ALBANY, N.Y. — The New York State budget is due Monday. Lawmakers have already approved six extensions to the deadline. The original budget deadline was April 1. Major sticking points include climate law rollbacks, car insurance reforms, immigration policies, and taxes for New…...
Has New York figured out how to tax the rich?
4+ mon, 3+ week ago (524+ words) The Week A free daily email with the biggest news stories of the day – and the best features from TheWeek.com You are now subscribed Your newsletter sign-up was successful New York Mayor Zohran Mamdani ran for office promising to…...
New York budget late amid behind-the-scenes wrangling
4+ mon, 3+ week ago (558+ words) (The Center Square) — New York lawmakers are expected to pass a fourth "extender" budget Thursday, with the state's annual spending plan two weeks late amid behind-the-scenes negotiations over thorny policy issues. Lawmakers blew past an April 1 deadline to approve the…...
What is the pied-à-terre tax? Hochul backs tax on wealthy New Yorkers
4+ mon, 3+ week ago (665+ words) Gov. Kathy Hochul is proposing a new tax on high-end residences. It’s a surcharge on townhouses, co-ops and condos used by out-of-towners as pied-a-terres. NBC New York’s Melissa Russo reports. New York wants to tax the rich. In a surprising…...