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Hochul Refuses NYC Tax Move in Budget Showdown from THE CITY - All RSS feed.

Hochul Refuses NYC Tax Move in Budget Showdown

THE CITY - All
Mayor Zohran Mamdani speak alongside Council Speaker Julie Menin at City Hall about reaching a deal on a budget extension

Gov. Kathy Hochul on Tuesday shot down a request by Mayor Zohran Mamdani and City Council Speaker Julie Menin to change a tax credit to help fill a $5.4 billion city budget deficit. Mamdani and Menin had asked state lawmakers to authorize changes to the pass-through entity tax, or PTET, which allows some business people […]

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