Tag: Taxes

• Council presses DOF over 900,000‑property pied‑à‑terre roll — many listings below $5M threshold and sparking privacy fears

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  Aug 20

  City Council committee members pressed the Department of Finance over why it posted a supplemental “pied‑à‑terre” property roll listing roughly 900,000 residential properties — many far below the state’s $5… more ›

• DOF declines in‑person City Council testimony on pied‑à‑terre tax; commissioner to appear after Aug. 31, exemption deadline extended

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  Aug 20

  City Council oversight hearing on the pied-à-terre (non‑primary‑residence) property tax rollout drew criticism after the mayor’s administration declined to appear in person; the Department of Finance submitted written testimony and… more ›

• Pied‑à‑terre tax rollout could force co‑ops to tap reserves, City Council hears after DOF mailed 17,000 notices

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  Aug 20

  New York City Council held an oversight hearing on the pied-à-terre (non-primary-residence) property tax rollout after Department of Finance (DOF) mailings identified roughly 17,000 properties as potentially subject to the… more ›

• City Planning Commission Reviews Queens Blvd Rezoning — Developer Picks MIH Option 1; Neighbors, Officials Push for Deeper Affordability and Retail Protections

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  Aug 13

  The City Planning Commission (CPC) met on Aug. 12, 2026, to review several rezonings and mixed‑use development applications that include Mandatory Inclusionary Housing (MIH) requirements; applicants described a proposed Queens… more ›

• NYC DOF Includes $25M ECB Amnesty in FY2027 Budget — Won’t Disclose Calculation or Participation Rate

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  Aug 12

  The Department of Finance (DOF) told the City Council Finance Committee that the $25 million ECB (Environmental Control Board) amnesty number appears in the adopted FY2027 budget, but officials did… more ›

• NYC enforcement recovers $104M for delivery workers; pied‑à‑terre ‘you may be subject’ tax notices mailed — owners face Aug. 21/24 deadlines

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  Jul 30

  Mayor Zohran Mamdani on July 29, 2026 announced that city enforcement of the tipping-transparency law recovered $104 million for delivery workers and answered reporters’ questions about the pied‑à‑terre (non‑primary residence)… more ›

• NYC launches ‘NYC Groceries’ pilot: five city-run stores to offer 30% off essentials — La Marqueta and Bronx Peninsula named, first opening by 2027

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  Jul 28

  Today’s mayoral announcement and agency materials formalized NYC Groceries: a city-run pilot of five grocery stores (one per borough) that will offer a fixed 30% discount on a core basket… more ›

• 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 ›