1+ mon, 2+ week ago   (635+ words) New York continues to lose more taxpayers than it gains through migration, while the state also remains one of the nation's highest-taxed, according to separate reports from the state comptroller and the Citizens Budget Commission. The reports point to continued…...

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…...

4+ mon, 1+ day 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…...

4+ mon, 2+ day ago   (716+ words) This article was originally published in Chalkbeat. The announcement represents a major win for supporters of private school choice who have been lobbying Democratic governors to participate in the program. However, Hochul’s office said she intends to review the details…...

4+ mon, 1+ week ago   (711+ words) New York City's future may hinge on a simple but uncomfortable question: Can it afford to lose its richest residents? Billionaire investor Bill Ackman doesn't think so. And he's making that case amid a growing political chorus demanding new taxes…...

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…...

4+ mon, 4+ week ago   (304+ words) NEW YORK, April 15 (Reuters) - New York State Governor Kathy Hochul proposed on Wednesday a new tax on second ‌homes worth over $5 million that was backed by New York ‌Mayor Zohran Mamdani. Mamdani, a democratic socialist, campaigned on a promise to…...

4+ mon, 4+ 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…...

5+ mon, 3+ week ago   (803+ words) Plus: a development at the Chrysler Building, an Epstein bombshell and more Fears of a post-election chill in New York City’s luxury housing market are looking increasingly misplaced. In the 60 days following Mayor Zohran Mamdani’s November win, signed contracts for…...