NYC’s Second-Home Tax Unites Mamdani, Hochul After Budget Fights

Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax that they agree on. Getting everyone else on board stands to be more complicated.

Mamdani has been an eager proponent of taxing wealthier New Yorkers to close a projected $5.4 billion two-year gap in the city’s budget and to fund a slew of social programs.

Hochul has tended to see such levies as an invitation for the affluent and corporations to pack their bags and decamp to sunnier, low-tax states.

Zohran Mamdani and Kathy Hochul in New York.

Photographer: Adam Gray/Bloomberg

This week, Hochul proposed a middle path. To applause from the mayor, she called ...