FIres & Accidents

Twenty-Two City Council Members Call on State to Give City Power to Tax Millionaires

By SÍLE MOLONEY
Twenty-two members, a minority, of the New York City Council’s 51 member-body released a joint statement on Wednesday, Feb. 25, calling on the State legislature and New York Gov. Kathy Hochul to pass the Fair Share Act, legislation they say would grant New York City the authority to enact a 2% income tax increase on millionaires.  

To Balance the Budget, Mamdani Details Two Paths – Tax the Rich or Let the Middle Class Fund the Gap

By SÍLE MOLONEY
NYC Mayor Zohran Mamdani released the Fiscal Year (FY) 2027 Preliminary Budget on Tuesday, Feb. 17, outlining the scope of what was described as a fiscal crisis he said he inherited from the prior administration. The mayor presented two paths forward to balance the budget (a legal requirement): raise revenue from the wealthiest New Yorkers and most profitable corporations and end the drain of City resources to the State, or have working and middle-class New Yorkers fund the gap.