Mamdani, Hochul team up on second-home tax: What to know

New York Gov. Kathy Hochul (D) and New York City Mayor Zohran Mamdani (D) person projected a caller taxation connected spot owners who person 2nd homes successful New York City worthy much than $5 million, successful an effort to constrictive the city’s fund shortage by targeting the ultrawealthy.  The “pied-à-terre tax” would beryllium an annual…