Taxes in Focus as Albany Session Kicks Off
Mayor Zohran Mamdani’s influence will be put to the test in the new legislative session kicking off today in the capital.
The new mayor’s push for free child care is contending with lost revenue from President Donald Trump’s 2025 tax law, Danielle Muoio Dunn and Raga Justin report.
Political concerns are afoot as Gov. Kathy Hochul and all 213 state lawmakers are up for re-election, with Hochul mulling whether to embrace Mamdani’s push for tax hikes to fund his agenda and fill a projected $4.2 billion revenue shortfall for fiscal year 2027. ...
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