Kathy Hochul announces $268B budget with pied-à-terre tax
More than a month behind schedule, New York Gov. Kathy Hochul finally announced the framework for a budget deal on Thursday, one that directly affects the real estate industry. Hochul’s agreement on a $268 billion deal was announced well after the Apr. 1 due date, Gothamist reported. It’s already on track to be the most delayed budget of Hochul’s time in office and the latest a budget will be passed since 2010. Key tenets of the deal include limiting cooperation with federal immigration enforcement, creating rebate checks to deal with the rising costs of utilities and eliminating income tax on […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
