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Hochul, Mamdani ‘pied-à-terre’ tax won’t raise $500M – and could cost NYC millions: comptroller

Hochul
New York Post Fews App News Provider
Fews App Post Time Hace 21h

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. City Comptroller Mark Levine found that the proposed policy — framed as a needed revenue booster for the city and state — would likely bring in closer to $340-$380 million, over $100 million less than Hochul and Mamdani have claimed.

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