Taxes

The Vessel is framed by a glass wall at the Hudson Yards mall.

Big Tax Breaks Get Bigger as Mega-Developers Challenge Assessments

April 11, 2025, 5:00 a.m.April 11, 2025, 9:26 a.m.

Properties in Hudson Yards and Times Square are among the buildings that win millions of dollars in tax appeals even after getting up-front tax reductions — a maneuver New York allows that some other states restrict.

Residential buildings sit on a Crown Heights block.

Housing

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.

Dozens of anti-DOGE demonstrators held a die-in at the Stock Exchange to protest steep budget cuts.

How to New York

How GOP Budget Cuts Could Affect NYC: Your Questions Answered

March 20, 2025, 5:00 a.m.March 20, 2025, 3:30 p.m.

It’s not just programs that receive federal funding that could be at risk.

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.

Billionaire’s Row glimmered at night above Sheep Meadow in Central Park.

Taxes

Trump Advisors Renege on SALT Tax No-Cap Promise

Dec. 19, 2024, 5:00 a.m.Dec. 19, 2024, 12:08 p.m.

The incoming president’s pledge to lift the $10,000 deduction limit has seemingly been replaced with a modest increase. Will Republicans in the state demand a total end to the cap?

Mayor Eric Adams and Governor Kathy Hochul take questions about the redevelopment of the Kingsbridge Armory, Aug. 8, 2023.

Government

Budgeting Past the Graveyard: Adams and Hochul Spend Boldly Despite Likelihood of Trump Funding Cuts

Dec. 2, 2024, 5:00 a.m.Dec. 1, 2024, 8:53 p.m.

Both houses of Congress and the White House will be controlled by Republican leaders who’ve vowed to cut spending. But New York’s officials aren’t changing course yet.

Residential and commercial buildings squeezed into the area below Union Square.

Kathy Hochul

Backlash Builds Over Business Tax Break Extension Adams Won in Albany

Aug. 14, 2024, 5:08 p.m.Aug. 14, 2024, 5:08 p.m.

Fiscal watchdogs ask Hochul to limit a four-year renewal of the Industrial and Commercial Abatement Program, which costs half a billion dollars annually and is undergoing a review.

Councilmember Sandy Nurse speaks at a rally outside City Hall against resurrecting the city’s tax lien sale program.

Housing

Council and Mayor Move to Revive Stalled Property Tax Debt Collections

June 18, 2024, 6:04 p.m.June 18, 2024, 9:29 p.m.

More than $1.8 billion in real estate and water bill debt sits uncollected, three years after a program expired that sold liens to private investors. A new city bill adds protections for vulnerable owners and tenants.

Taxes

NYC Property Tax Lawsuit Is Back On, High Court Rules

March 19, 2024, 5:13 p.m.March 20, 2024, 11:39 a.m.

Convoluted assessments favor wealthier, whiter neighborhoods and violate state and federal housing laws, argues the case headed back to State Supreme Court.

Taxes

Big Tax Breaks Get Bigger as Mega-Developers Challenge Assessments

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

How GOP Budget Cuts Could Affect NYC: Your Questions Answered

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

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

Trump Advisors Renege on SALT Tax No-Cap Promise

Budgeting Past the Graveyard: Adams and Hochul Spend Boldly Despite Likelihood of Trump Funding Cuts

Backlash Builds Over Business Tax Break Extension Adams Won in Albany

Council and Mayor Move to Revive Stalled Property Tax Debt Collections

NYC Property Tax Lawsuit Is Back On, High Court Rules

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