Source: New York Post
Mayor Zohran Mamdani stubbornly insisted the Big Apple will still collect $500 million through the new pied-à-terre tax — despite his own officials slashing the number of properties that could be hit with the levy by 4,000. “We continue to be confident in that assessment of what the annual revenue will look like,” Mamdani told reporters Wednesday. Hizzoner’s sunny assertion came after the city said Department of Finance officials would send out new notices to 10,800 property owners who needed to prove New York City was their primary residence.
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