Should Albany authorize the city to increase any tax rates, Mamdani will insist that doing so is the city’s only morally and fiscally responsible option to achieve solvency. The city council will face ...

Several NY representatives are raising red flags about the Democratic socialist NYC mayor's proposal to reduce the estate tax threshold by 90%.

Democrats in the New York state Senate and Assembly released their budget proposals, which included increasing transfer taxes on residential properties with a value of $5 million or more.

Several NY representatives are raising red flags about the Democratic socialist NYC mayor's proposal to reduce the estate tax threshold by 90%.

State Sen. Kristen Gonzalez has welcomed the state Senate's passage of its one-house budget resolution, which includes plans to raise the tax rate on New ...

The county’s per capita personal income for the year was $67,066, up 5.47% from 2023. That was the 10th-highest percentage increase in the state. The numbers come from the federal Bureau of Economic ...

You might be surprised which states have the highest and lowest "effective" tax rates, a metric that measures how much of ...

The good news is that even the New York state legislature, not exactly populated with fiscal hawks, is unlikely to consider ...

Lawmakers in both the Senate and the Assembly proposed personal income tax increases on New Yorkers earning more than $5 ...

New York ranks among the highest-taxed states in the U.S., with residents paying far more than the national average in state and local taxes.

The state budget is due on April 1, and legislators have officially put increased taxes for wealthy New Yorkers on the table. Both the State Assembly and Senate are ...

Mayor Zohran Mamdani is floating an extreme new proposal to change the state’s estate tax — a move that would hurt middle-class New Yorkers and their loved ones. The socialist mayor wants to ...