Mamdani 'Balanced' New York City's Budget
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New York City Mayor Zohran Mamdani's pied-à-terre property tax is moving ahead. But will it work?
New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show the limits of the policy.
More big bucks are heading to Albany. In a news release issued Tuesday, state Gov. Kathy Hochul and Mayor Zohran Kwame Mamdani announced new state support and actions to help New York City close its budget deficit ahead of the release of Mamdani’s Fiscal Year 2027 Executive Budget.
International Money Express (IMXI) dropped 3.5% on a report that New York City Mayor Zohran Mamdani is trying to kill the Western Union (WU) deal. Mamdani is pushing for New York state's top financial regulator to challenge Western Union's (WU) $500 million purchase of International Money (IMXI),
Mamdani argued that American resources should be spent on improving lives at home rather than waging wars abroad.
New York state lawmakers are expected to place a new tax on luxury second homes in New York City, appeasing Mayor Zohran Mamdani and his progressive base as he moves to fund his ambitious agenda on the backs of the rich.
By Jonathan Allen NEW YORK, May 8 (Reuters) - New York City Mayor Zohran Mamdani's best-known campaign promise was tentatively advanced in a cacophonous college auditorium as a city housing board agreed in a provisional vote to consider freezing the rent for about a million regulated apartments.