New York Governor Kathy Hochul has revealed that a deal has been struck on the state's budget, and it includes a contentious tax on luxury second homes in the city. The so-called "pied-à-terre tax" has been a point of contention among lawmakers and New York City residents, with many arguing that it unfairly targets wealthy individuals who own multiple properties in the city. The tax is expected to generate significant revenue for the state, but critics say it will drive up costs for homeowners and potentially deter investment in the city's real estate market. As the state's budget continues to be a major point of debate, the inclusion of this tax is likely to spark further discussion and controversy.
Gov. Kathy Hochul says deal on state budget includes controversial NYC pied-à-terre tax Yahoo News New Zealand
