3+ mon, 3+ week ago   (554+ words) JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York's left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city's status as a business hub. Dimon's comments…...

3+ mon, 4+ week ago   (771+ words) New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations. The lawmakers are also considering expanding the tax to all-cash purchases…...

4+ mon, 19+ hour ago   (493+ words) Most New Yorkers will not have to worry about seeing their property tax rates go up soon. But for a small number of those who own luxury second homes in the city, the prospect is still alive. Mayor Zohran Mamdani…...

4+ mon, 1+ day ago   (744+ words) New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers' property taxes — an unpopular measure he threatened to use to help close a two-year deficit. The decision to drop the tax hike came as Mamdani unveiled…...

4+ mon, 2+ day ago   (1237+ words) New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions about how the levy would work still unresolved amid broader Democratic discord over the state budget. Last month, Hochul proposed…...

4+ mon, 2+ day ago   (519+ words) New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program, according to a statement Friday. "Governor Hochul is supportive of the federal tax credit scholarship and its potential to help New York…...

4+ mon, 6+ day ago   (728+ words) New York Gov. Kathy Hochul announced a tentative deal to impose a tax on second homes in New York City as part of a $268 billion budget that will also weaken the state's climate law. Budget discussions this year have been…...

4+ mon, 1+ week ago   (584+ words) New York City's risk of seeing a credit-rating downgrade has increased, according to JPMorgan Chase & Co. strategists. As New York State looks less likely to approve major personal and corporate tax hikes that would help the city overcome its expected…...

4+ mon, 1+ week ago   (661+ words) Luxury second homes in New York will have to be taxed at a "significant" amount to generate the $500 million of revenue the city is counting on to help close a gaping budget hole, according to a new study from New…...

4+ mon, 2+ week ago   (741+ words) New York City Mayor Zohran Mamdani is delaying the city's $127 billion budget as he pressures the state to limit a tax credit used by hedge funds, private equity firms and other businesses. Mamdani and City Council Speaker Julie Menin called…...