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Legislature Wants Higher Tax on Wealthy, Big Business, According to Proposals

The proposed tax hikes could generate up to $1.5 billion for NYC, targeting financial firms and top earners making $5 million or more, amid a $5.4 billion city budget gap.

Summary by Spectrum Local News
In a new memo, City Hall is pitching individual lawmakers to back billions of dollars in new taxes on millionaires and big corporations.

3 Articles

WMURWMUR
Center

Constitutional amendment would raise threshold to approve new broad-based taxes

Supporters say the decision should ultimately rest with voters rather than elected officials.

·New Hampshire, United States
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Spectrum Local NewsSpectrum Local News
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NY1NY1
Center

Legislature wants higher tax on wealthy, big business, according to proposals

In a new memo, City Hall is pitching individual lawmakers to back billions of dollars in new taxes on millionaires and big corporations.

·United States
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Spectrum Local News broke the news in United States on Monday, March 9, 2026.
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