Hochul Backs Tax on NYC Second Homes Worth $5 Million-Plus

Source: Bloomberg Politics · Bias: Center

Summary

New York Governor Kathy Hochul is backing a new tax on second homes in New York City worth at least $5 million as a way to raise cash for the city’s struggling budget.

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Hochul Backs Tax on NYC Second Homes Worth $5 Million-Plus
Bloomberg Politics

Hochul Backs Tax on NYC Second Homes Worth $5 Million-Plus

Center

New York Governor Kathy Hochul is backing a new tax on second homes in New York City worth at least $5 million as a way to raise cash for the city’s struggling budget.