Author: newyork-news

Gov. Kathy Hochul introduced that President Trump’s administration has launched one other traunch of funding for the Gateway Venture. Picture by Lloyd Mitchell Gov. Kathy Hochul introduced on Tuesday that the Trump administration has launched simply over half of the $205 million in Gateway Tunnel funding it froze in October — however the rail mission’s work stoppage will solely finish when the complete quantity is supplied. Hochul — gathered with development staff on the Manhattan Gateway development web site on Feb. 17 — revealed that the Trump administration launched one other $77 million it had frozen final fall to the…

Mayor Zohran Mamdani at a press convention on Jan. 31, 2025. Photograph by Lloyd Mitchell Mayor Zohran Mamdani sharpened the stakes of New York Metropolis’s finances negotiations Tuesday, warning that property tax will increase might be unavoidable until Albany agrees to boost taxes on the town’s wealthiest residents and most worthwhile companies. Hours earlier than releasing his first preliminary finances, Mamdani stated the town is going through a $5.4 billion finances hole and laid out what he described as two paths ahead: state-level tax will increase to deal with a long-standing fiscal imbalance, or city-level measures that may shift the…