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NYC’s Second-Home Tax Unites Mamdani and Hochul
Posted
April 17, 2026
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April 17, 2026
25,317
307
520
3.27%
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2:29Now PlayingBloomberg's Nacha Cattan joins Katie Greifeld on "Bloomberg Real Yield." Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax that they agree on. Getting everyone else on board stands to be more complicated. Mamdani has been an eager proponent of taxing wealthier New Yorkers to close a projected $5.4 billion two-year gap in the city’s budget and to fund a slew of social programs.
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