local

How New York City Is Solving Its Budget Crisis

NY Times Local · May 12, 2026, 6:36 PM · Also reported by 3 other sources

A generous influx of state resources from Gov. Kathy Hochul and a new tax on luxury second homes will help Mayor Zohran Mamdani address a projected $5.4 billion deficit.

Read full story on NY Times Local → More top stories

Also covered by

NY Times How to Eat Through Our List of the Best Restaurants in New York City France 24 Los Angeles's housing crisis: Essential workers priced out of the city CNBC New York City Mayor Zohran Mamdani's pied-à-terre tax is moving ahead. But will it work?

Aggregated and edited by the Scoop newsroom. We surface news from NY Times Local alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

How New York City Is Solving Its Budget Crisis

Also covered by

More in local