Tag: Taxes

• Mayor Mamdani Unveils $124.7 Billion NYC Budget, Eliminating $12 Billion Deficit with Fair Tax Reforms

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  May 13

  New York City’s Mayor Zohran Mamdani announced a balanced budget for Fiscal Year 2027, successfully eliminating a $12 billion deficit. During the Executive Budget Presentation on May 12, 2026, the… more ›

• NYC’s Mayor Mamdani Balances $12 Billion Deficit, Boosts Public Services with Wealthy Tax Plan

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  May 13

  New York City’s Mayor Zohran Mamdani announced the successful balancing of the city’s budget, which had previously faced a staggering $12 billion deficit. The new executive budget, made possible through… more ›

• Mayor Proposes Cut to High-Income Tax Credit to Generate $1 Billion for NYC Budget

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  Apr 29

  New York City is addressing its budget crisis through proposed changes to the pass-through entity tax credit (PTE), a tax benefit primarily utilized by high-income earners to reduce their federal… more ›

• NYC Faces $12 Billion Budget Crisis: Mayor and Council Speaker Urge State Aid Amid Deadline Extension

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  Apr 29

  New York City officials are tackling a severe budget crisis as they seek solutions to address a projected $12 billion deficit. During a recent press conference, Mayor Zohran Mamdani and… more ›

• Mayor Mamdani Hosts Forum on Global Inequality with Leading Economists in NYC

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  Apr 16

  New York City Mayor Zohran Mamdani hosted a forum on April 15, 2026, to discuss global inequality with renowned economists Gabriel Zucman and Joseph Stiglitz. The event highlighted urgent issues… more ›

• NYC Launches 2% Ped Tax on Luxury Properties to Combat Economic Inequality

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  Apr 16

  New York City is taking decisive action to address economic inequality with the introduction of its first-ever tax on luxury properties owned by non-residents. During a Tax Day Forum on… more ›

• 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 ›