“Following a decade of economic growth in New York City and the enactment of high-earner income tax increases in 2021, this report provides an updated and comprehensive picture of the fiscal flow between New York City and New York State.”

Affordable housing is a priority issue for state and local governments across the country. One unique method these policymakers have to incentivize the creation of more housing is strategic property tax policies that target vacant or underutilized properties, including taxes on pieds-à-terre and other forms of vacant or blighted housing.