Tag: Taxes

• NYC Council Tackles $5.4 Billion Budget Gap Ahead of Key Fiscal Decisions

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  Mar 27

  New York City Council convened on March 26, 2026, to address critical budget issues, including a $5.4 billion gap in the preliminary budget for fiscal year 2027. The council discussed… more ›

• NYC Implements Stricter Verification for Homeowners’ Tax Breaks to Save $13 Million Annually

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  Mar 26

  City officials are implementing budget savings initiatives that include measures to streamline the verification process for homeowners receiving tax breaks. These changes aim to ensure that benefits are provided only… more ›

• Mayor Mamdani Proposes Tax Increases and Savings Initiatives to Address NYC’s $5.4 Billion Deficit

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  Mar 26

  New York City Mayor Zohran Mamdani outlined a series of savings initiatives in response to a significant fiscal deficit during a recent public meeting. With the city facing a $5.4… more ›

• NYC Planning Commission Reviews Zoning Amendments Amid Community Concerns over New Meal Tax

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  Mar 3

  An important review session held by the New York City Planning Commission (CPC) on March 2, 2026, focused on proposed zoning amendments and community concerns regarding the allocation of funding… more ›

• NYC Council Passes Bill to Reform Emergency Procurement Processes and Enhance Transparency

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  Feb 25

  During a recent New York City Council meeting on February 24, 2026, legislators discussed crucial reforms to enhance transparency in the city’s emergency procurement processes. The proposed changes aim to… more ›

• NYC Mayor Mamdani Unveils Preliminary Budget to Tackle $5.4 Billion Deficit with Tax Hikes for Wealthy

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  Feb 18

  New York City Mayor Zohran Mamdani presented the Fiscal Year 2027 preliminary budget on February 17, 2026, emphasizing strategies to address a $5.4 billion budget deficit. The mayor advocates for… more ›

• NYC Launches Free Tax Preparation Program for 2026, Easing Financial Burdens for Low-Income Residents

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  Feb 4

  ### What’s happening – The NYC Free Tax Preparation Program has launched for the 2026 tax season. – Mayor Mamdani and the Department of Consumer and Worker Protection oversee this… more ›

• NYC Council Proposes Commission to Ensure Fair Salary Reviews for Elected Officials

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  Jan 31

  The New York City Council gathered on January 30, 2026, to discuss the establishment of a commission aimed at reviewing salaries for elected officials, focusing on measures to prevent future… more ›

• NYC Council Pushes for Greater Transparency in Governance with New Legislative Measures

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  Jan 30

  During the New York City Council’s meeting on January 29, 2026, members prioritized increasing transparency in city governance through new legislative efforts. The council made it clear that demonstrating success… more ›

• Mayor Mamdani Unveils $12 Billion Budget Plan Amid NYC’s Fiscal Crisis

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  Jan 29

  New York City faces a daunting $12 billion budget deficit, prompting Mayor Mamdani to outline specific strategies for addressing this fiscal crisis. During a press conference held at City Hall… more ›

• New York City Council Debates Controversial 16% Salary Hike Amid Calls for Transparency

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  Dec 17

  Several individuals voiced their opinions during the New York City Council hearing on December 16, 2025, regarding a proposed salary increase for elected officials. The discussion centered on a proposed… more ›

• City Hearing Highlights Obstacles in MWBE Certification Process, Advocates Push for Streamlined Solutions

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  Nov 19

  A recent oversight hearing examined the challenges confronting the Minority and Women-Owned Business Enterprise (MWBE) certification process in New York City. Lawmakers and advocates discussed ways to streamline the application… more ›

• NYC Council Proposes Landmark Property Tax Reforms to Protect Homeowners from Foreclosure

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  Nov 14

  The New York City Council convened on November 13, 2025, to address significant reforms in property tax enforcement, including the establishment of a land bank designed to improve the current… more ›

• NYC Council Advances Property Tax Exemptions for Cold War Veterans, Easing Financial Burdens

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  Nov 13

  On November 12, 2025, the New York City Council advanced legislation to provide property tax exemptions for Cold War veterans, aiming to ease financial burdens for those who served during… more ›

• City Council Considers Property Tax Exemptions to Support Cold War Veterans Amid Financial Concerns

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  Nov 13

  City Council members convened on November 12, 2025, to finalize a legislative proposal that aims to extend property tax exemptions to Cold War veterans. This legislation, introduced by Council Member… more ›