new-york-city-budget
3 stories related to this topic, newest first.
TimeNew York City Plans Five City-Owned Grocery Stores Across Boroughs
Mayor Zohran Mamdani announced the first two locations for city-owned grocery stores that will waive rent and taxes to offer discounted prices. The initial store is scheduled to open next year in the Bronx, with a second planned for East Harlem by 2029.
nypost.comReal Estate Taxes Provide Nearly Half of New York City Locally Generated Revenue
Real estate and related taxes generated a record $39.6 billion in fiscal 2025, accounting for nearly half of locally generated tax revenue. The Real Estate Board of New York released updated figures showing the sector's contribution to city budgets.
montrealgazette.comNYC Mayor Removes Property Tax Increase From $124.7 Billion Budget
New York City Mayor Zohran Mamdani released an executive budget for fiscal year 2027 that closes a $5.4 billion gap without raising property taxes on most owners. The plan relies on $4 billion in state support, a new tax on expensive second homes, and agency savings. Officials sa…