Facing a severe fiscal crisis, Mayor Zohran Mamdani proposes tapping into New York City's already strained retiree health fund. Critics warn this short-term fix could worsen the city's long-term debt and fail to address systemic pension liabilities.
Elected on ambitious pledges to tax the wealthy and expand social services, New York City Mayor Zohran Mamdani now confronts a massive budget shortfall, forcing tough choices that could alienate his base and strain the city's housing market.
A stark new report reveals a 6% decline in New York City's creative workforce since 2019, as artists, designers, and performers are driven out by a widening gap between stagnant incomes and skyrocketing living costs, threatening the city's status as a global cultural capital.
New York City's renewed push for a massive affordable housing project atop Sunnyside Yards highlights a pro-growth turn among progressives, but questions loom over its staggering $21 billion price tag and reliance on federal funding. Meanwhile, New Jersey property owners win a key eminent domain case, and Congress considers a ban on corporate homebuyers.
CNN host Fareed Zakaria delivers a scathing critique of fiscal management in major Democratic-led cities, highlighting New York's proposed $127 billion budget as emblematic of a broader trend of soaring spending with diminishing returns for residents.
Year-end real estate data confirms a historic shift: Miami has overtaken New York City for the highest number of luxury property listings, signaling a broader migration of wealth and redefining the American luxury market landscape.
Mayor Zohran Mamdani spent the holy month of Ramadan attending iftars across New York City, blending faith, politics, and community outreach as the city's first Muslim mayor. His journey highlights both celebration and the complex challenges at the intersection of identity and public office.
A rapidly intensifying winter storm, forecast to become a meteorological 'bomb,' is set to paralyze the Northeast with heavy snow and hurricane-force winds from Sunday. New York City officials urge residents to stay indoors as travel turns hazardous and power outages loom.
Despite political shifts and tax hike proposals, financial expert Ramit Sethi outlines the core reasons why ultra-high-net-worth individuals continue to call New York City home, arguing that the city's unique ecosystem outweighs fiscal concerns.
A new report warns that New York's political focus on raising taxes is undermining its long-term competitiveness, as states like Texas deploy coordinated strategies to attract companies and investment away from the Empire State.
New York Governor Kathy Hochul is poised to reject a proposal allowing autonomous ride-hailing vehicles outside NYC, citing traffic and labor concerns. The political opposition introduces a new, unpredictable challenge for industry leaders Tesla and Waymo as they seek nationwide deployment.
New York City Mayor Zohran Mamdani has formally requested a 2% personal income tax increase on residents earning over $1 million annually and a rise in the state corporate tax rate, reigniting a debate on fiscal policy and equity as the city grapples with a multi-billion dollar deficit.
As Mayor Zohran Mamdani's rent freeze for stabilized units nears, data reveals a city where tenants are increasingly staying put. Economists warn this could deepen the housing shortage, creating a paradox where a policy meant to provide stability may inadvertently fuel fiercer competition and higher costs in the broader market.
A major Taco Bell and Dunkin' franchisee will pay over $1.5 million to resolve New York City's allegations of widespread violations of the Fair Workweek Law, as the city intensifies enforcement and files a new lawsuit against another Dunkin' operator.
New York's tech sector, now employing over 200,000, has transformed neighborhoods and fueled record office leasing, but its rapid growth is intensifying the city's affordability crisis and widening economic divides.
New York City Mayor Zohran Mamdani faces mounting criticism for his absence from the installation of Archbishop Ronald Hicks, becoming the first mayor in nearly a century to miss the significant civic and religious event.
As New York City families grapple with some of the nation's highest child care costs, a new report argues that heavy state regulations are a primary driver, raising questions about the efficacy of proposed government-led solutions.
New York City Mayor Zohran Mamdani's ambitious plan to raise taxes on high earners and corporations faces a critical roadblock in Governor Kathy Hochul, igniting a fierce debate over the city's fiscal future and economic competitiveness.
Governor Kathy Hochul has withdrawn a proposal to permit commercial robotaxis without safety drivers in parts of New York State, dealing a significant setback to companies like Waymo just as it secured major funding for national expansion.
Small property owners in New York City, many from immigrant backgrounds, are challenging the historical views of a top housing aide in Mayor Mamdani's administration, arguing that framing property ownership as inherently racist dismisses their struggles and achievements.
