CAMEO+ eventPOLITICAL2026-04-15馃嚭馃嚫

Governor Kathy Hochul proposes New York tax on second homes to close fiscal gap

source: New York Governor Kathy Hochul

On 2026-04-15, New York Governor Kathy Hochul publicly backed a proposed annual tax on multimillion-dollar second homes in New York City to help close the state budget gap. The proposal was discussed in Albany as part of ongoing budget talks and was framed as a possible revenue source rather than an enacted measure. The target was the broader state budget negotiation and high-end property owners in New York City.

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