New York City landlords criticize Mamdani’s proposed increase in property taxes
Concerns Over Proposed Property Tax Hike in New York City Critics are raising alarms about Mayor Zoran Mamdani’s proposed property tax increase, warning it could adversely affect small building owners and potentially devastate the city’s rent stabilization market. The nonprofit group, New York Small Property Owners, has voiced serious concerns following Mamdani’s announcement that he […]
A plan to exempt homeowners over 60 from property taxes could result in billions in costs for local governments.
Kumar’s Property Tax Proposal Faces Challenges When Rishi Kumar, a former Saratoga City Councilman, ran for the position of Santa Clara County Assessor last year, he pledged to exempt homeowners aged 60 and older from property taxes. After a substantial loss in the runoff election to Neysa Frigor, he shifted his focus to a statewide […]
Social Security Fairness Act: Addressing unfair taxes and the legislation designed to resolve it
February 20, 2026, 5:03 a.m. ET Some congressional members are expressing concerns that the Social Security Fairness Act, signed into law in early 2025, is unfair regarding taxes. This legislation worked to eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which had previously reduced benefits for about 3.2 million public sector […]
Discover which counties and states have the highest property taxes for U.S. homeowners.
Property Tax Discussions Intensify Amid Budget Constraints Property taxes have long been a contentious topic across the U.S., as political leaders try to strike a balance between necessary funding and the risk of upsetting homeowners and businesses. Recently, New York City Mayor Zoran Mamdani stirred controversy with a proposal that would significantly raise property taxes […]
Hochul plans to increase New York’s taxes following the election, similar to congestion pricing, according to the GOP.
Allegations Against Governor Hochul Republican officials are claiming that New York Governor Kathy Hochul plans to reverse her stance and increase taxes after the upcoming November election, similar to how she handled congestion charges following the 2024 campaign. As she campaigns for re-election this fall, Hochul has dismissed New York City Mayor Zoran Mamdani’s appeals […]
Tom Steyer supports a special election for extra taxes on corporations.
Tom Steyer’s 2027 Special Election Proposal Gubernatorial candidate Tom Steyer is pushing for a special election in 2027 aimed at amending Proposition 13 in California. His proposal involves reassessing commercial real estate based on current market values, which would reignite a controversial tax debate in the state. Steyer noted that he has communicated this initiative […]
New York City benefits from increased marijuana taxes, but industry experts believe there’s potential for even more.
It might even be a bit more than this. The legalization of marijuana in New York City has brought in additional revenue, yet officials indicate that tax revenues aren’t growing at the same pace as the cannabis market itself. According to Mayor Zoran Mamdani’s preliminary budget released Tuesday, marijuana tax revenue is anticipated to hit […]
Mamdani Cautions That Property Taxes May Rise, Reveals $127B Budget
NYC Mayor Announces Budget Plan and Potential Tax Increases New York City Mayor Zoran Mamdani has revealed a preliminary budget of $127 billion for the fiscal year 2027, indicating that property taxes might rise. During a press conference on Tuesday, Mayor Mamdani emphasized that, as mayor, he is legally required to balance the budget. He […]
Budget monitor advises Mayor Mamdani to reduce spending and avoid demanding new taxes.
Mayor Zoran Mamdani is being urged to reconsider his push for additional tax increases in New York City, which is already known for its heavy tax burden. A fiscal watchdog group has expressed concerns over the city’s ongoing overspending. The Citizens’ Budget Committee, a centrist organization, has called on the new democratic socialist mayor to […]
Most people will need to file state taxes for 2025, but not everyone has to. Here’s what to understand.
February 12, 2026, 2:16 PM ET Most Americans tend to take filing their federal taxes seriously—after all, the IRS can be pretty intimidating. But let’s not forget about state taxes, which can sometimes slip under the radar for many people. Of course, there are some notable exceptions. Residents in states like Alaska, Florida, Nevada, New […]