Latest / New York City News Today | 2 Min News | The Daily News Now!
City Tax Battle Heats Up | New York City News
The city council’s hearing on a new luxury property tax drew a surprising absence from the mayor’s office, who opted for written statements amid an ongoing lawsuit — echoing past dodges that frustrated lawmakers. Designed to fund safer streets and cleaner parks, the tax targets high-value homes and co-ops, though a few homeowners sued and a judge temporarily blocked it. Despite the legal drama, the city has already sent letters to 17,000 potential payers and received 4,000 exemption requests — and a state appeals court recently cleared the way for collection, ensuring the money will start…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.