taxes
Posted inCity Government
An infusion of state aid will help the mayor close the massive two-year budget shortfall, City Hall said, as fiscal watchdogs urged caution.
Posted inPolitics
Big Business Fears Mamdani. Its Workers Gave Him Big Bucks.
Nearly 2,000 employees at member firms of the big business Partnership for New York City donated to Zohran Mamdani’s mayoral campaign — while CEOs spent millions opposing him.
Posted inEconomy
Never Mind Mamdani: Wall Street Doubles Down on NYC
Record jobs and fat real estate leases make finance the No. 1 industry again.
Posted inEconomy
Job Losses and Wall Street Woes Cloud NYC’s Economic Outlook
New jobs numbers are front and center as Albany and City Hall wrangle over tight budgets and Mayor Mamdani’s push for tax increases.
Posted inPolitics
Mayor Rips ‘Unrealistic’ City Council Plan to Balance Budget Without Hiking Property Taxes
The Council’s proposal resists Mamdani’s push to raise the one major tax the city controls — but he says it would require cutting services.
Posted inZohran Mamdani
What the Warnings About NYC’s Bond Rating Do and Don’t Mean
The impact and costs are much lower than have been previously reported.
Posted inEconomy
NYC Has Recovered Nearly All Jobs Lost in the Pandemic
In other positive news, tax revenues for the first half of the fiscal year exceeded projections by $1.7 billion — but risks still lie ahead.
Posted inEconomy
Wall Street Powers Through Trouble, Sees Employment Rebound
Despite worrisome headlines, profits and taxes paid in the securities industry remain robust — with help from a boom in managing rich people’s money.

