Mamdani’s stubbornly insists pied-à-terre tax will raise $500M — even as NYC winnows number of properties getting hit

Mayor Zohran Mamdani stubbornly insisted the Big Apple will still collect $500 million through the new pied-à-terre tax — despite his own officials slashing the number of properties that could be hit with the levy by 4,000. “We continue to be confident in that assessment of what the annual revenue will look like,” Mamdani told...