#budget-gap
#budget-gap

5 days ago

Mamdani shrugs off Trump attack that he will ruin' NYC, defends tax on luxury second homes | amNewYork

New York City proposes a tax on non-primary residences over $5 million to generate revenue amid a budget gap.

New York City

Hochul proposes tax on luxury second homes in NYC; Mamdani and Menin approve | amNewYork

fromStrongtowns

New York City

New York City and the Myth of a Balanced Budget | Strong Towns

Op-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork

New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.

New York City

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.

5 days ago

Mamdani shrugs off Trump attack that he will ruin' NYC, defends tax on luxury second homes | amNewYork

New York City proposes a tax on non-primary residences over $5 million to generate revenue amid a budget gap.

Hochul proposes tax on luxury second homes in NYC; Mamdani and Menin approve | amNewYork

New York City may impose a property tax surcharge on non-primary residences valued at $5 million or more to generate $500 million annually.

fromStrongtowns

New York City and the Myth of a Balanced Budget | Strong Towns

New York City faces a significant budget gap despite its economic success, raising questions about the nature of the financial issues at hand.

Op-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork

New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.

fromReal Estate News & Insights | realtor.com

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.

more#new-york-city

NYC real estate

A Pied-a-Terre Power Play Is Happening in New York, With Mamdani and Hochul Floating Tax on Rich, Second Homeowners

New York Governor proposes a tax on second homes over $5 million to raise revenue from wealthy residents.

NYC real estate

fromGothamist

How NYC's 'radical' pied-a-terre tax became a 'common sense' budget strategy

A proposed pied-à-terre tax on luxury second homes in NYC aims to raise $500 million annually to support city services.

#nyc-budget

fromNews 12 - Default

fromNew York City, NY Patch

Education

NYC Schools chancellor warns class-size deadline maybe out of reach amid budget gap

New York City

$1.7B In Found Funds Could Shake Up NYC Budget

Education

fromNews 12 - Default

NYC Schools chancellor warns class-size deadline maybe out of reach amid budget gap

NYC faces a $5.4 billion budget gap, with the DOE needing to reduce class sizes to 80% compliance by September 2026.

fromNew York City, NY Patch

$1.7B In Found Funds Could Shake Up NYC Budget

New York City Council identified $1.7 billion in potential savings and revenue for fiscal year 2026, offering alternatives to using the Rainy Day Fund to address the budget gap.

Top Mamdani deputy mayor doesn't rule out expanding metered parking to help close budget gap | amNewYork

New York City's administration is considering expanding metered and permitted parking citywide to generate revenue for closing budget gaps and funding priorities.

fromStreetsblog

Mamdani Deputy Mayor On Charging For Street Parking: 'It's Not a No' - Streetsblog New York City

The city is considering charging fees for currently free on-street parking to generate revenue and improve streetscape, potentially raising $1.3 billion annually from metering one-quarter of free spaces.

2 months ago

MAYOR MAMDANI'S FIRST 50 DAYS: Big ambitions, but bigger budget problems, define his first weeks in office | amNewYork

Mayor Zohran Mamdani confronts a multibillion-dollar budget gap while pursuing progressive reforms, keeping Police Commissioner Tisch, and securing partial aid from Albany.

fromGothamist

2 months ago

Mamdani says tax hike is needed to stop 'fiscal crisis.' Critics aren't buying it.

Mayor Mamdani's proposed property tax hike to fill a multibillion-dollar budget gap faces strong criticism as politically driven and potentially harmful to homeowners and tenants.

fromPortland Mercury

2 months ago

TriMet's Present Crisis, and Uncertain Future

In November, TriMet reduced evening service on five bus lines, including the frequent express line on Southeast Division. The agency will implement another wave of service reductions-this time impacting four bus lines-starting March 1. The August reductions are poised to be the biggest round yet. TriMet has proposed changes that could affect or eliminate dozens of bus routes across the Portland metro area, and eliminate a portion of the MAX Green Line.

US news

3 months ago

Editorial | Speaker Menin and Mayor Mamdani have a golden chance for unity amNewYork

Julie Menin was elected City Council leader and must collaborate with Mayor Zohran Mamdani to tackle housing affordability and an up-to-$8 billion budget gap.

London politics

fromwww.standard.co.uk

4 months ago

Met Police faces further officer cuts due to lack of funding

The Metropolitan Police may reduce staffing and change recruitment if an expected Home Office funding uplift does not materialize, risking lower officer numbers.

fromNew York Daily News

6 months ago

Smart choices for a better NYC future

New Yorkers view quality of life and city services as deteriorating and demand bold mayoral leadership to restore safety, affordability, and effective government.

#ivins-ut

SF real estate

5 Key Takeaways: How a Utah City Grew 61% Growth, Hiking Up Property Taxes

US politics

This Utah City Grew 61%-Now, Homeowners Face a Major Property Tax Hike

SF real estate

5 Key Takeaways: How a Utah City Grew 61% Growth, Hiking Up Property Taxes