Greg David, Author at THE CITY - NYC News

Residential buildings sit on a Crown Heights block.

Anti-Poverty Groups ID Property Taxes as a Culprit in Affordable Housing Shortage

March 31, 2025, 5:01 a.m.April 4, 2025, 3:25 p.m.

Rental apartments are assessed at far higher rates than houses, the Community Service Society and Progress and Poverty Institute find, while a major court case attacking inequities grinds on.

A SoHo retailer s a big mark-down along Broadway.

Economy

New York’s Economy Teeters on a Precipice

March 18, 2025, 5:00 a.m.March 17, 2025, 5:58 p.m.

Strong job growth and Wall Street bonuses show momentum but consumers are worried, tourism could weaken and layoffs loom.

Annie’s Ginger Elixer founders Allard Van Hoorn and Annie Bassin work out of their Brooklyn Navy Yard production center.

Economy

Trump Tariffs Plunge Local NYC Businesses Into Uncertainty

March 11, 2025, 3:26 p.m.March 11, 2025, 4:51 p.m.

On-and-off taxes on imports from China, Mexico and Canada make planning difficult and keep customers cautious about spending, say entrepreneurs.

People enter and exit Bellevue Hospital’s main entrance.

Economy

What Trump’s Big Budget Cuts Could Mean for New York

March 3, 2025, 2:21 p.m.March 3, 2025, 2:22 p.m.

Health care, food stamps and housing funds are all especially vulnerable as the city and state prepare their own budgets without clarity on how harsh the blows will be.

Governor Kathy Hochul presents her executive budget in Albany.

Taxes

As Hochul and Adams Double Down on Business Tax Breaks, Some Lawmakers Push Back

Feb. 7, 2025, 5:00 a.m.Feb. 7, 2025, 3:23 p.m.

Incentives for the entertainment and real estate industry come under renewed scrutiny in Albany, as critics call them a waste of money.

Economy

NYC’s Hydropower, Construction Trade and Avocados Threatened by Tariff War

Feb. 2, 2025, 6:26 p.m.Feb. 2, 2025, 7:59 p.m.

Canada is the biggest export market for New York companies, buying $10 billion in services and $9.5 billion of goods.

Gov. Kathy Hochul and Mayor Eric Adams celebrate at City Hall the Council ing the City of Yes housing plan, Dec. 5, 2024.

Economy

Hochul and Adams Budget Generously, Despite Looming Washington Threats

Jan. 27, 2025, 4:55 a.m.Jan. 24, 2025, 5:19 p.m.

Tax rebates and heavy spending define spending proposals unveiled as Trump and Republican-controlled Congress prepare likely federal cuts to social programs.