Taxes August 10, 2026
Hochul Defends New York City Pied-à-Terre Tax
New York Gov. Kathy Hochul pushed back on suggestions that state-approval of the pied-à-terre tax represents a concession to progressive Democrats in New York City.
Taxes July 31, 2026
New York Governor Trolls LeBron James with Tax on Rumored NYC Home
Gov. Kathy Hochul's team used a post on X to label the athlete “LePied-a-Terre” in response to a report from ESPN that he would commute via helicopter from Manhattan to play for the Philadelphia 76ers.
Taxes May 15, 2026
New Tax on NYC Real Estate Sales Aimed at Helping Mamdani Close City Budget Gap
The new tax, which would assess a surcharge of 1% of the sale price for city homes purchased in cash for at least $1 million, is expected to generate $160 million annually.
Taxes May 12, 2026
Hochul Fends Off Critics Over Tax Credit Program That Helps Families Pay for Private School
New York Gov. Kathy Hochul, a Democrat, on Monday defended herself against criticism from labor allies and members of her own party over her intent to opt into the GOP’s federal tax-credit scholarship program.
Taxes May 11, 2026
New York Gov. Hochul Says Deal on State Budget Includes NYC Pied-à-Terre Tax
Gov. Kathy Hochul announced a handshake deal Thursday on a $268 billion state budget that includes a controversial pied-à-terre tax on second homes in New York City aimed at bringing more money to city coffers.
Taxes April 30, 2026
NYC Comptroller: Pied-à-Terre Tax Could Fall Far Short of $500 Million Goal
Comptroller Mark Levine says the tax, which would place a surcharge on second homes valued at $5 million or more, could yield between $340 million and $380 million, much lower than the $500 million goal set by New York Gov. Kathy Hochul.
Taxes April 16, 2026
Mamdani Lauds New York Gov. Hochul’s Pied-à-Terre Tax, Which Would Bring in $500 Million a Year to NYC
The tax on expensive secondary residences in New York City represents a safe middle ground between Zohran Mamdani’s tax-the-rich proposals and Kathy Hochul’s more moderate standpoint on taxes.
Taxes April 13, 2026
Nonprofits Push New York State Lawmakers to ‘Stand Strong’ on Tax Hikes for Wealthy
A bevy of New York City nonprofit groups are urging state lawmakers to keep pushing Gov. Kathy Hochul to grant Mayor Zohran Mamdani's asks for tax hikes on the city's wealthiest residents and most profitable corporations.
Taxes March 10, 2026
New York Lawmakers Propose Boosting Taxes on the Rich, Challenging Hochul and Aligning with Mamdani
A budget battle is unfolding in Albany as state lawmakers in their budget proposals unveiled a push for tax hikes on both wealthy individuals and corporations to supply New York City with more money.
Taxes February 18, 2026
Mamdani Proposes 9.5% NYC Property Tax Hike for Budget Gap if Governor Doesn’t Act
The proposed 9.5% hike, which New York City Mayor Zohran Mamdani framed as the city’s nuclear option to close a $5.4 billion budget gap, would be the first of its kind since 2003.
Taxes February 17, 2026
NYC Mayor Zohran Mamdani Mulls Property Tax Hike, Pushes Governor to Tax the Wealthy
Mamdani is expected to propose raising property taxes to balance the city budget on Tuesday, in the face of Gov. Kathy Hochul’s continued resistance to raising taxes on the wealthy and corporations.
Taxes January 21, 2026
Mamdani Signals He’s Ready to Push Gov. Hochul on Tax Hikes as NYC Budget Shortfall Looms
Facing a potential $12 billion budget gap, New York City Mayor Zohran Mamdani indicated Jan. 21 he may push Gov. Kathy Hochul in budget negotiations to include tax hikes on millionaires and corporations.