Tag: Taxes

• HPD Tells Council ~8,000 Mitchell‑Lama Households Are SCRE‑Eligible but Only ~6,000 Enrolled; Outreach Gaps Cited

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  Jul 16

  SEO-OPTIMIZED INTRO At a City Council oversight hearing on July 15, 2026, the Department of Housing Preservation and Development (HPD) told the Committee on Housing and Building that its 2025… more ›

• City Council Demands Debt Breakdown as HPD Proposes Roughly 30% Rent Hike at Tracy Towers; Tenants Warn of Displacement

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  Jul 16

  SEO-OPTIMIZED INTRO The City Council’s Committee on Housing and Buildings held a July 15, 2026 hearing on Mitchell-Lama portfolio stability after HPD proposed roughly a 30% cumulative rent/carrying charge increase… more ›

• Gotham FC to Make Queens’ Etihad/Eddiad Park Home in 2028, Will Share Stadium with NYCFC — Public Financing Details Remain Unclear

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  Jul 8

  New York City announced July 7, 2026 that Gotham FC will make Etihad/Eddiad Park in Queens its permanent home beginning in 2028, to be a shared, soccer-specific stadium with New… more ›

• City Council Projects Nearly $2B Tax Upside, Pushes FEPS, NYC Kids RISE, Fair Fares, Immigrant Legal Aid

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  Jun 12

  New York City Council members used the June 11, 2026 stated meeting to press a June 2026 revenue forecast that projects nearly $2 billion more in tax revenue for fiscal… more ›

• Julie Menin Seeks $60M to Rebuild NYC Libraries With 100% Affordable Housing — Parkchester, Marcy and Sunnyside First

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  Jun 12

  City Council Speaker Julie Menin announced a plan on June 12, 2026 to redevelop aging standalone public library branches and build 100% affordable housing above them, asking the mayor’s administration… more ›

• New York City Council Forecasts Nearly $2B in FY2026–27 Tax Upside; Leaders Push Rainy Day Fund, Hold Final Budget Split

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  Jun 11

  The New York City Council on June 10, 2026 released an updated June 2026 economic and tax revenue forecast that projects nearly $2 billion in additional tax revenue across fiscal… more ›

• Mayor Mamdani’s Pension ‘Reamortization’ Bucks: $1.64B in FY27 Savings but Up to $5B Added Costs — Trustees Must Vote

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  Jun 11

  New York City Council Finance Committee members held a hearing on June 9, 2026, in Council Chambers at City Hall to review Mayor Zohran Mamdani’s FY2027 executive budget and five‑year… more ›

• NYC Council Forecasts Nearly $2B More in Tax Revenue Than OMB, Setting Up Fight Over FY28 Budget Gap

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  Jun 11

  New York City Council Finance Committee members and the Mayor’s Office of Management and Budget (OMB) debated competing tax‑revenue forecasts at a June 9, 2026 FY2027 executive budget hearing, with… more ›

• NYC EDC Allocates $30M for La Marqueta Buildout, Issues Summer RFI for Discounted “Core Basket” Grocery Pilot

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  Jun 1

  NYC Economic Development Corporation officials told the City Council at the May 29, 2026 FY27 executive budget hearing that the city will use a $30 million capital subsidy for the… more ›

• Mayor Mamdani Proposes Tax Increases for Wealthy New Yorkers to Support Working Families

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  May 22

  New York City Mayor Zohran Mamdani addressed critical tax proposals aimed at supporting lower-income families during a recent public engagement session. He discussed plans to increase taxes on the wealthiest… more ›

• 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 ›