New York Governor Proposing Tax on Second Homes Worth $5 Million or More

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tax increases on income or businesses. (Wall Street Journal)

Hochul framed it bluntly: if someone can afford a multimillion-dollar home that sits empty, they can afford to contribute more to the city that sustains its value. (Governor Kathy Hochul)


Why This Idea—and Why Now?

New York City is facing a serious financial squeeze. Budget gaps estimated in continue reading …

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