getmisch
FREE (AP via ABC) LINK
This, re: 2nd-Home tax, has half-truths but also quotes NYC DSA.
She plays it like a huge concession, but tells us F-U re: remaining $450B budget shortfall that Adams left us. "I'm not going to tell the mayor where to find the savings." SHE'S A CONSERVATIVE just like Cu0mo.
They both play it like a win, but the DSA points out it's just 10% of what we need.
#DemocraticSocialists #DSA #NYC #KathyHochul #MayorMamdani #MamdaniMandate #ZohranMamdani
https://abcnews.com/Business/wireStory/new-york-tax-luxury-homes-nyc-stops-short-132760785
NY to tax luxury 2nd homes in NYC, stops short of hiking income taxes on wealthy

New York state lawmakers are expected to place a new tax on luxury second homes in New York City, appeasing Mayor Zohran Mamdani and his progressive base as he moves to fund his ambitious agenda on the backs of the rich

ABC News
May 10 at 4:16pmWeb
Show threadgetmisch1d ago
'25 study ('21-'22 data):
>NYC generates 60% of NY state GDP (up ~10% since 2010),
yet NYC gets just 40.5% of State Operating Expenditures.
>NYC contributes 54.5% of total state revenues, the rest of the state 45%.
>NYC contributes 58.7%(!) of the state's income taxes, total $70.7B; over half!
#KathyHochul #MayorMamdani #TaxTheRich #MamdaniMandate #PiedATerre #tax #NYC #NewYork #progressive #taxation #ZohranMamdani #free #DayCare #DSA #DemocraticSocialism
https://islg.cuny.edu/blog/fiscal-flow-nyc-albany-press-release
New York City Taxpayers Continue to Contribute More to State Revenues than They Receive Back in Services, CUNY and New School Study Finds — CUNY Institute for State & Local Governance (ISLG)

“Following a decade of economic growth in New York City and the enactment of high-earner income tax increases in 2021, this report provides an updated and comprehensive picture of the fiscal flow between New York City and New York State.”

CUNY Institute for State & Local Governance (ISLG)