#new-york-city-budget-crisis

[ follow ]
#tax-policy #estate-tax-policy #tax-policy-and-economic-impact #government-spending #estate-tax-reform
NYC politics
fromThe Washington Post
4 days ago

Opinion | Taxing New York to death

New York Mayor Mamdani's proposal to dramatically lower estate tax exemptions and raise rates to 50% would burden middle-class property owners while likely driving wealthy residents away, worsening the city's fiscal crisis.
NYC politics
fromwww.bloomberg.com
6 days ago

Mamdani Wants New York Estate Tax Threshold Cut 90% to $750,000

New York City Mayor Zohran Mamdani proposes slashing the state estate tax exemption from $7 million to $750,000 and raising the top rate from 16% to 50% to address a $5.4 billion city budget deficit.
New York City
fromNew York City, NY Patch
1 week ago

Moody's Lowers NYC's Credit Outlook To Negative Due To Budget Gaps

Moody's downgraded New York City's credit outlook to negative due to structural budget imbalances and persistent projected deficits despite favorable economic conditions.
fromynetglobal
3 weeks ago

New York's Billionaires' Row turns into 'ghost neighborhood' - and Mamdani has had enough

Nearly half of the apartments in the seven tallest towers in the area sit empty. At night the picture is even starker, with dozens of darkened floors turning the glittering status symbol into a vertical 'ghost neighborhood' scraping the sky.
NYC real estate
[ Load more ]