Hochul, Mamdani ‘pied-à-terre’ tax won’t raise $500M – and could cost NYC millions: comptroller
Thursday, April 30th 2026, 4:11:02 pm
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Mayor Zohran Mamdani and Gov. Kathy Hochul’s proposed tax on luxury second homes in the Big Apple will fall far short of its $500 million goal -- and drive wealthy residents out of the city, according to the city comptroller's office.
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