New York City Council Speaker Julie Menin has expressed support for a pied-à-terre tax, a proposal that aims to target wealthy individuals who own secondary homes in the city. Menin's stance aligns with that of Council Member Lincoln Restler, who has been a vocal advocate for the tax. The proposal seeks to impose a fee on luxury apartments and homes owned by non-residents, with the revenue generated going towards addressing the city's affordable housing crisis. However, despite Menin's agreement on the pied-à-terre tax, she emphasized that further budget cuts will still be necessary to address the city's ongoing fiscal challenges.
NYC Council Speaker Julie Menin agrees with Mamdani on pied-à-terre tax, but city still needs cuts CBS News
