Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Mayor Mamdani's plan to tax the rich has hit a speed bump. It's called the 'pied-a-terre tax.' A surcharge on luxury second homes. It's supposed to raise 500 million dollars for the city budget, but there are indications now it won't raise nearly that much. NJ Burkett reports. More: abc7ny.com/post/nyc-extends-pied-terre-tax-deadline-thousands-homeowners-win-appeals/19738270

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