NY Lawmakers Approve Final Budget That Includes Second-Home Tax
June 15, 2026
12 min
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5,342 of 5,353
June 15, 2026
NY Lawmakers Approve Final Budget That Includes Second-Home Tax
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12:11This episodeNY Lawmakers Approve Final Budget That Includes Second-Home Tax
Summary
<p>The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Luxury buyers and sellers are recalculating in the wake of New York’s pied-à-terre tax. The majority-Democratic state legislature signed off on the remaining final budget legislation late Wednesday night, approving Gov. Kathy Hochul’s slate of policies she contends will improve affordability for New York residents. Hochul, a moderate Democrat, has been criticized by several progressive lawmakers who had split with the governor over her weakening of the state’s 2019 climate law and refusal to raise income and corporate tax rates. But top Manhattan broker Lisa Lippman believes the disruption will be temporary. A 29-year industry insider and the consistent number one broker at Brown Harris Stevens with more than $500 million in transaction volume in 2025 alone<br /><br />For more, Carol Massar Tim Stenovec speak with Lisa Lippman, Real Estate Agent at Brown Harris Stevens.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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