NYC Mayor Adams makes last-minute push to cut taxes for low-income earners as Albany haggles over budget
Share and Follow

Mayor Eric Adams on Monday made a last minute to cut income taxes for low-income New Yorkers as part of the upcoming state budget.

1

That would be $36,789 per year for a family of three made up of two adults and one child, and $46,350 for a family of four with two adults and two kids, City Hall said.

“If there is one thing New Yorkers can agree on, it’s that the cost of living in this city is too damn high, especially for working-class New Yorkers. Rent, food, gas, child care, cable — it adds up, and it’s too much,” Adams said.

“I think New Yorkers want money back in their pockets and I think that’s all something we can agree on.”

Adams’ plan, which he first rolled out in December, could affect some 429,000 New Yorkers, and give low-income families an average of $350 back in taxes, City Hall said.

Adams asked Gov. Kathy Hochul to include his affordability push as part of her state budget plan for the 2026 fiscal year.

The mayor needs approval from Albany to change taxes at the city level.

Hochul and state lawmakers are set to blow Tuesday’s budget deadline as negotiations have hit an impasse over New York’s divisive discovery laws and the governor’s involuntary commitment push.

Share and Follow
You May Also Like
Decaying iconic movie landmark gets a new $50million lease of life

Iconic Movie Landmark Revitalized with $50 Million Restoration Plan

A historic New York City icon that featured in the film Men…
Bari Weiss defends pulling '60 Minutes' segment in Christmas memo to CBS News staff

Bari Weiss Explains Decision to Withdraw ’60 Minutes’ Segment in CBS News Holiday Message

CBS News’ editor in chief, Bari Weiss, has defended her choice to…
Little boy left an orphan after a couple are killed in car crash

Tragedy Strikes: Young Boy Becomes Orphan After Devastating Car Accident Claims Parents

A tragic accident in Texas left a young boy as the sole…
Doctors blamed my baby's issues on weight... he had a brain disease

Doctors Initially Attributed My Baby’s Symptoms to Weight, Later Diagnosed Brain Disease

A mother from Kentucky alleges that medical professionals brushed off her infant’s…
Love Actually rich list REVEALED

Unveiling the Wealthiest Stars of Love Actually

Every Christmas, there’s one film that never fails to make a comeback,…
Make-A-Wish brings back annual Holiday Wish Line messages

Spread Joy: Make-A-Wish Revives Beloved Holiday Wish Line for Heartfelt Messages

The CEO of Make-A-Wish describes their hotline as a “powerful antidote” to…
NORAD continues decades-long tradition of tracking Santa's trip around the world

NORAD Keeps Holiday Magic Alive by Tracking Santa’s Global Journey

In the lead-up to Christmas, the excitement surrounding Santa Claus reaches a…
Megyn Kelly says 'there's more truth coming' on CBS News' Bari Weiss

Megyn Kelly Teases Unveiling Revelations on CBS News’ Bari Weiss: “There’s More Truth Coming

Megyn Kelly has hinted that more revelations are on the horizon concerning…