Taxes
Taxes
What’s a pied-à-terre tax and why do people care?
The Mamdani administration is managing the new pied-à-terre tax. The rollout is off to a rough start.
Budget
Legislative leaders still don’t have pied-à-terre details days after Hochul announces budget ‘deal’
State Senate Majority Leader Andrea Stewart-Cousins said details about state aid for New York City are scarce, but lawmakers will vote for the budget anyway.
Budget
Upstate Dems push for pied-à-terre tax outside NYC
State lawmakers outside the city want in on a proposed tax for luxury second homes.
Heard Around Town
Zohran Mamdani releases his first mayoral tax returns
The mayor actually overpaid his taxes last year. Meanwhile, Council Speaker Julie Menin refused to share her tax return.
Budget
Hochul wants to tax the rich … if they don’t live in NYC
Gov. Kathy Hochul introduced an entirely new tax proposal on ritzy second homes in New York City – two weeks after the state budget was due.
Budget
Opinion: I’m not a millionaire, but I am against more taxes on the rich
And here’s why you should be too!
Heard Around Town
Blakeman stops by City Hall to tout affordability
The GOP candidate for governor, like the incumbent governor, is against raising taxes.
Budget
Soliman faces the council
The director of the Mayor’s Office of Management and Budget insisted he dislikes the idea of raising property taxes during an hourslong grilling before the City Council Finance Committee.
Policy
Back in Albany, Mamdani says ‘tax the rich’
The mayor came to Caucus Weekend, but he’s expected to skip a Tax the Rich rally later this month out of deference to the governor.
Policy
New poll shows that taxing the rich is very popular
The prospect of increasing taxes on New York’s wealthiest has gained new steam amid Zohran Mamdani’s mayoral campaign in New York City.
Albany Agenda
State lawmakers call for withholding state employees’ federal taxes
Since Trump cut federal funds to New York, Assembly Member Micah Lasher and state Sen. Jessica Ramos want to let the state government withhold federal taxes.
2025 New York City Mayoral Election
What are Mamdani’s plans to tax the rich?
Legislative leaders have previously proposed increasing state taxes, and mayoral candidate Zohran Mamdani wants to raise taxes on wealthy New York City residents.
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Budget
Could a stock transfer tax help NYC weather the Trump administration?
Two lawmakers say restoring a five-cent tax on stock trades could help compensate for potential cuts in federal funding.
Cannabis
Upstate town sees benefits of cannabis tax revenue
Local tax revenue from sales of the once-illegal substance allowed Henritta to hire an additional sheriff’s deputy.
Taxes
Bill to limit taxpayer funding of Cuomo’s legal fees worries public sector unions
The STOP Act would apply to all public workers, not just elected officials like former Gov. Andrew Cuomo.
Heard Around Town
Hochul and Trump talk congestion pricing, energy
The conversation touched on nuclear energy, wind power, an upstate natural gas pipeline and the much-maligned Manhattan tolling scheme.
Albany Agenda
Bill proposed to fix corporate tax loophole that costs NY over $700 million each year
The MEGA Corporations Act would stop large multinational companies from dodging state taxes by recording lower profits within the United States.
News & Politics
Suburban Republicans mostly quiet after meeting with Trump on taxes
Republicans still can't agree on how much to lift the SALT cap.
MTA
For Janno Lieber, congestion pricing isn’t dead
The self-described “patron saint of challenging projects” is trying to keep the MTA from moving backward – without straying from his boss.
Editor's Note
Editor’s Note: Accessibility improvements hinge on congestion pricing’s return, for now
Hochul only “paused” the controversial tolling program that could fund much needed improvements, including new elevator installations to meet ADA requirements.
