Zohran Mamdani, tax and Mayor|NYC
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New York City Mayor Zohran Mamdani appears to be losing support from President Donald Trump after proposing a tax on non-residents with second homes valued above $5 million in New York City.
New York Gov. Kathy Hochul is expected to propose a pied-à-terre tax on second homes in New York City that are worth more than $5 million.
The Council’s plan outlines revised estimates and efficiencies it says would balance the books without the measures Mamdani is talking about.
The head of an influential Big Apple business advocacy group warned that companies are already taking steps to relocate or move jobs elsewhere because of Mayor Zohran Mamdani’s tax-hike crusade. Steve Fulop,
New York policymakers push higher taxes on wealthy nonresident homeowners, intensifying the debate over revenue, housing and economic competitiveness.