Hochul, Mamdani ‘pied-à-terre’ tax won’t raise $500M – and could cost NYC millions: comptroller
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Source: New York Post
Published: 2026-05-01 02:11 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Technology & AI, Tax & Budget, World News
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Snippet:
Mayor Zohran Mamdani and Gov. Kathy Hochul’s proposed tax on luxury second homes in the Big Apple will fall far short of its $500 million goal — and drive wealthy residents out of the city, according to the city comptroller’s office.
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