Dossier
tax on second homes
Coverage of tax on second homes in the Nexus archive.
- New Yorkers collected $2.6 billion in welfare cash payments last year, city data shows
New York City distributed $2.6 billion in cash welfare payments to 864,999 residents in 2025, a 30-year high and 71% increase from 2022. Combined with SNAP, welfare payments totaled $7 billion in 2024. Mayor Zohran Mamdani's policy to tax luxury second homes targeting the wealthy, including billionaire Ken Griffin, sparked controversy.
- New Yorkers collected $2.6 billion in welfare cash payments last year, city data shows
New York City distributed $2.6 billion in cash assistance to 864,999 residents in 2025, a 30-year high and a 71% increase from 2022. Combined with SNAP payments, total welfare payouts exceeded $7 billion in 2024. Mayor Zohran Mamdani's 2026 budget allocated $14.63 billion for welfare and social services, reflecting continued spending increases.