Hochul proposes tax on NYC second homes in bid to save Mamdani’s budget
Gov. Kathy Hochul (D-NY) proposed on Tuesday a new tax on wealthy earners who own second homes in New York City that are worth $5 million or more. The move is intended to address the city’s estimated $5.4 billion budget deficit, which Mayor Zohran Mamdani is trying to solve with tax hikes for high earners […]
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