Albany’s wealthy tax advocates faced setback due to NYC Council’s budget plan.
Albany Budget Debate Heats Up Without Tax Hikes ALBANY – A wave of frustration swept over Albany’s “tax the rich” advocates on Wednesday when the New York City Council unveiled a budget alternative that doesn’t involve raising taxes, going against Mayor Zoran Mamdani’s initial plan. Despite missing the April 1 budget deadline, the liberal group […]
Over 223k migrants have come to NYC so far — double Albany’s population
More than 223,000 immigrants have flowed into New York City since the asylum crisis first erupted, and Albany's total population has now doubled. According to the latest U.S. Census data, the staggering number of arriving asylum seekers now accounts for about half of Staten Island's population (490,687) and about 15% of Manhattan's resident population (1.6 […]
Albany’s flawed new housing tax break just killed a magnificent Brooklyn project
Don’t expect Governor Hochul’s so-called 421-a tax abatement program alternative to encourage the construction of new housing in the same way its predecessor did. Two little-known provisions have already doomed plans for a grand Brooklyn waterfront project that was so popular that the City Council voted 48-0 to pass the required zoning changes three years […]
City Hall warns Albany’s failure to replace controversial housing subsidy will cost apartments
The Adams administration says the city of Albany will not renew controversial subsidies for housing projects that include apartments set aside for low-income New Yorkers, costing the Big Apple thousands of much-needed apartments. warned that it could become. Mayor Eric Adams on Tuesday plans to tout a new initiative to expedite permits and other approvals […]