Gov. Kathy Hochul and state lawmakers are poised to tax certain New York City homes that are purchased with cash as part of the state’s effort to help the city plug its budget gap, according to a top lawmaker.
State Assembly Speaker Carl Heastie on Thursday confirmed the tax is part of the $8 billion aid package announced earlier this week by Gov. Kathy Hochul, which New York City Mayor Zohran Mamdani relied on to balance his proposed city budget earlier this week.
“ The non-mortgage … tax, that was part of the plan to help close the city’s deficit,” Heastie told reporters at the state Capitol on Thursday…