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New York governor pitches a new tax on pricey pied-à-terres

New York governor pitches a new tax on pricey pied-à-terres

For months, New York Gov_ Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to San Juan bellowing chants of “tax the rich.”
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Governor Hochul Proposes New Tax on Luxury Second Homes Amid Budget Challenges

Governor Hochul Proposes New Tax on Luxury Second Homes Amid Budget Challenges

Governor Kathy Hochul of New York has proposed a new 'pied-à-terre' tax targeting luxury second homes in New York City valued at $5 million or more. This move marks a significant policy shift as it breaks her previous commitment to avoid new taxes. The tax is expected to affect approximately 13,000 properties and generate an estimated $500 million annually. This proposal aligns with efforts by Mayor Zohran Mamdani to address budget shortfalls by increasing taxes on wealthy residents. However, there is skepticism about the projected revenue, with some estimates suggesting the tax might raise significantly less than anticipated.
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Governor Hochul Announces Increased Safety Funding for Vulnerable Organizations in New York

Governor Hochul Announces Increased Safety Funding for Vulnerable Organizations in New York

Governor Kathy Hochul has announced new initiatives aimed at enhancing the safety of organizations in New York that are vulnerable to hate crimes and attacks. The announcement includes increased funding to help these organizations implement security measures that will allow New Yorkers to worship and gather safely without fear. The initiatives are part of a broader effort to protect communities that have been historically targeted by hate crimes, ensuring that they can continue their activities in a secure environment. This move comes in response to growing concerns about the safety of religious and community organizations across the state.
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Governor Hochul Advocates for Stricter Anti-ICE Sanctuary Policies in New York

Governor Hochul Advocates for Stricter Anti-ICE Sanctuary Policies in New York

Governor Kathy Hochul of New York is advocating for more stringent sanctuary policies that would limit cooperation between local law enforcement and U.S. Immigration and Customs Enforcement (ICE). Hochul has proposed a series of measures to be included in state law, aiming to restrict police from collaborating with federal immigration agents unless a criminal conviction is involved or there is probable cause for a misdemeanor or felony. The proposed legislation also seeks to prohibit ICE agents from wearing masks and restrict their operations in public areas without a judicial warrant. These measures are part of ongoing budget negotiations with the Democrat-controlled Legislature, where legislative leaders are pushing for the New York 4 All Act, a comprehensive sanctuary proposal. Hochul's announcement comes amid closed-door discussions among lawmakers about the new immigration policy.
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New York Increases Safety Funding for Vulnerable Organizations Amid Rising Attacks

New York Increases Safety Funding for Vulnerable Organizations Amid Rising Attacks

Governor Kathy Hochul announced new safety funding initiatives aimed at protecting organizations vulnerable to hate crimes and attacks in New York. The funding is part of a broader effort to ensure that New Yorkers can worship and gather safely without fear. The initiatives are designed to bolster security measures for communities that are often targeted by hate crimes, including religious institutions and cultural organizations. This move comes in response to a rise in hate-related incidents and aims to provide these organizations with the resources needed to enhance their security infrastructure.
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Governor Sherrill Demands FIFA Support for World Cup Transit Costs Amid Price Hike

Governor Sherrill Demands FIFA Support for World Cup Transit Costs Amid Price Hike

Governor Sherrill Demands FIFA Support for World Cup Transit Costs Amid Price Hike
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Governor Kathy Hochul Accuses Deputy Senate Leader of Lying Amid $263 Billion Budget Stalemate

Governor Kathy Hochul Accuses Deputy Senate Leader of Lying Amid $263 Billion Budget Stalemate

Governor Kathy Hochul has publicly accused Deputy Senate Majority Leader Michael Gianaris of lying as the New York state budget impasse enters its third week. The disagreement centers around Hochul's proposal to amend New York's liability statutes to reduce car insurance rates, which Gianaris and other lawmakers have criticized. Hochul claims that the trial lawyers lobby is spreading falsehoods about her plan, which she argues is an affordability measure. The budget, originally due April 1, has been delayed due to disagreements over car insurance reforms and climate law mandates. Lawmakers have passed temporary funding measures to keep the government operational, with the latest set to expire soon.
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Governor Hochul Accuses Deputy Senate Leader Gianaris of Lying Amid $263 Billion Budget Stalemate

Governor Hochul Accuses Deputy Senate Leader Gianaris of Lying Amid $263 Billion Budget Stalemate

Governor Kathy Hochul has publicly accused Deputy Senate Majority Leader Michael Gianaris of lying as a budget impasse in New York State enters its third week. The conflict centers around a $263 billion budget proposal, with Hochul advocating for changes to the state's liability statutes to reduce car insurance costs. Gianaris, a prominent Democrat from Queens, has criticized Hochul for not compromising on this issue, suggesting that her proposals may not effectively lower insurance rates. The disagreement has led to a delay in passing the state budget, originally due by April 1, with lawmakers resorting to temporary funding measures to keep the government operational.
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New York Budget Talks Stalled Amid Auto Insurance Debate

New York Budget Talks Stalled Amid Auto Insurance Debate

New York Governor Kathy Hochul and state lawmakers are embroiled in a contentious debate over auto insurance reforms as part of the state budget discussions. Hochul's proposals aim to reduce auto insurance fraud and tighten payout standards for crash victims, backed by Uber, while the New York State Trial Lawyers Association opposes these measures. The budget, originally due April 1, remains unresolved as both sides accuse each other of being influenced by special interests. Hochul argues her plan will lower insurance rates, but lawmakers question its effectiveness and accuse her of siding with insurance companies.
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As energy costs rise, some states back off ambitious climate goals

As energy costs rise, some states back off ambitious climate goals

New York launched ambitious goals to cut its long-term greenhouse gas emissions with clarion calls about saving the future
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Mamdani, Hochul propose tax on New York second homes worth more than $5 billion

Mamdani, Hochul propose tax on New York second homes worth more than $5 billion

By Maria Tsvetkova NEW YORK, April 15 (Reuters) - New York State Governor Kathy Hochul proposed on Wednesday a new tax on second homes worth over $5 million that was backed by New York Mayor Zohran Mamdani.
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In apparent flub, Energy Secretary Wright says US heading 'in the wrong direction'

In apparent flub, Energy Secretary Wright says US heading 'in the wrong direction'

Energy Secretary Chris Wright raised eyebrows Tuesday after saying the country “looks like we’re going in the wrong direction” in remarks hailing a new natural gas pipeline project