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NYC’s Second-Home Tax Unites Mamdani, Hochul

April 17, 2026
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Posted 2 hours ago by

Bloomberg's Nacha Cattan joins Katie Greifeld on Bloomberg Real Yield. Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax that they agree on. Getting everyone else on board stands to be more complicated. Mamdani has been an eager proponent of taxing wealthier New Yorkers to close a projected 5.4 billion two-year gap in the city’s budget and to fund a slew of social programs.

(Source: Bloomberg)

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