Dossier
$5.4 billion budget gap
Coverage of $5.4 billion budget gap in the Nexus archive.
- NYC’s Second-Home Tax Unites Mamdani, Hochul
Governor Kathy Hochul and New York City Mayor Zohran Mamdani have agreed on a second-home tax to address a $5.4 billion two-year budget gap and fund social programs. The proposal targets wealthier New Yorkers but faces challenges in gaining broader support.