Hochul Refuses NYC Tax Move In Budget Showdown (opens in new tab)

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 […] The post Hochul Refuses NYC Tax Move In Budget Showdown appeared first on THE CITY - NYC News.