NY State Legislature Proposes $5B Bailout for NYC
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New Yorks Democratic legislature proposes a $5 billion bailout for NYC, aiming to prevent property tax hikes. The plan includes tax increases for high earners and corporations, with funds for shelters, healthcare, and local aid. Governor Hochul opposes new taxes, while Republicans criticize the mayors influence. The City Council warns against dipping into reserves as negotiations continue.
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