NYC Mayor Implements New Tax on Second Homes Amidst Billionaire Exodus

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Politics

26 July 2026 at 5:21 pm

NYC Mayor Implements New Tax on Second Homes Amidst Billionaire Exodus

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Summary

New York City's mayor is implementing a new tax on expensive second homes to fund public services, amidst an exodus of high-income residents. This comes as companies like Airbnb expand their presence in the city.

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