Lawmakers Push Tax Hikes on Rich to Boost City Funding
State Legislature Backs Tax Hikes on Wealthy, Adding Fuel to…
New York Focus2026.03.10Updated 35d ago
The Senate and Assembly’s budget proposals include many of the mayor’s desired revenue-raisers and give the city a larger cut of state funds.
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State legislators have backed tax increases on wealthy residents as part of budget proposals that align with the mayor's revenue goals. The measures would direct additional state funds to the city, supporting both the Senate and Assembly's fiscal priorities. The proposals represent a significant shift in how the state funds municipal operations.
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