Economics ❯ Public Finance ❯ Budgeting ❯ Deficits

Tax Policy

Hochul and Mamdani Propose NYC Surcharge on $5 Million Second Homes

The plan still needs state budget approval before any bills go out.

New York Legislature Backs Higher Taxes for NYC in One-House Budgets, Setting Up Clash With Hochul

Mamdani Seeks Albany OK for 2% Millionaires Tax as NYC Deficit Recalculated to $7 Billion