{"id":31104,"date":"2026-05-08T05:42:02","date_gmt":"2026-05-08T05:42:02","guid":{"rendered":"https:\/\/indiabulletinusa.com\/wordpress\/2026\/05\/08\/new-york-governor-proposes-tax-on-second-homes-to-address-budget-shortfall\/"},"modified":"2026-05-08T05:42:02","modified_gmt":"2026-05-08T05:42:02","slug":"new-york-governor-proposes-tax-on-second-homes-to-address-budget-shortfall","status":"publish","type":"post","link":"https:\/\/indiabulletinusa.com\/wordpress\/2026\/05\/08\/new-york-governor-proposes-tax-on-second-homes-to-address-budget-shortfall\/","title":{"rendered":"New York Governor Proposes Tax on Second Homes to Address Budget Shortfall"},"content":{"rendered":"<p><br \/>\n<\/p>\n<p><strong>New Tax Proposal for Second Homes in New York City<\/strong><\/p>\n<p>New York Governor Kathy Hochul has revealed a preliminary agreement to implement a tax on second homes in New York City. This proposal is a part of a larger $268 billion budget plan, which aims to address multiple state issues, including updates to existing climate laws.<\/p>\n<p>The budget discussions have been challenging this year, especially as lawmakers work to bridge a $5.4 billion budget gap over the next two years. Hochul and state legislators have decided on a &#8220;pied-\u00e0-terre&#8221; tax targeted at affluent individuals who own residences in the city but do not live there full-time. <\/p>\n<p>While this announcement marks a significant step forward, specific details regarding the implementation of the second-home tax have yet to be disclosed. Discussions will continue as state officials finalize the budget and its associated components in the coming weeks.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>New Tax Proposal for Second Homes in New York City New York Governor Kathy Hochul has revealed a preliminary agreement to implement a tax on second homes in New York City. This proposal is a part of a larger $268 billion budget plan, which aims to address multiple state issues, including updates to existing climate<\/p>\n","protected":false},"author":1,"featured_media":31105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[30],"tags":[3169],"class_list":{"0":"post-31104","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-news","8":"tag-latest-news-ticker"},"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/31104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=31104"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/31104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/31105"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=31104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=31104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=31104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}