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‘Hedge fund handout’: Mamdani and Menin push Hochul to claw back $1 billion from Wall Street

NYC Mayor Zohran Mamdani and Council Speaker Julie Menin are urging Gov. Hochul to scale back a tax credit benefiting wealthy earners to close the city's budget gap.

‘Hedge fund handout’: Mamdani and Menin push Hochul to claw back $1 billion from Wall Street
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Two weeks after winning the state’s first pied-à-terre tax, the mayor is back in Albany with City Council Speaker Julie Menin, going after a Cuomo-era tax break that mostly benefits earners making more than $1 million a year.

Mayor Zohran Mamdani is calling it a “hedge fund handout.” Now he and City Council Speaker Julie Menin want Gov. Kathy Hochul to claw a billion dollars of it back before the state budget is finalized.

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