I recently wrote about a policy that the new mayor of NYC will pursue…..city owned grocery store….personally I think it is a great idea and more cities should be so concerned.

The mayor has yet another plan for the city….this time it will help city employees with child care….

Tucked in New York City Mayor Zohran Mamdani’s sprawling universal childcare plan is a little-talked-about milestone: In September, the city will open what appears to be the first free daycare for municipal workers in the country.

The center, called The Little Apple, is a pilot program that could prove to be a model for cities across the country that are childcare curious, but not ready to take the big universal swing.

Housed in a renovated space on the first floor of the David N. Dinkins Municipal Building in Manhattan, home base for more than 2,000 city workers, the Little Apple will offer free care to the kids of full-time staff. All workers in the Department of Citywide Administrative Services (DCAS), a city government support agency, can also take advantage of it regardless of their work location.

The center will be small — just 40 seats for children ages six weeks to 3 years old. To pay for it, the city budgeted about $1.5 million, or $35,000 per child.

“This is what Wall Street could call a good investment,” Mamdani said in a press conference announcing the new center. “We know that after housing, the cost of childcare is what is pushing working families out of this city.”

DCAS Commissioner Yume Kitasei told The 19th said the solution came about as a retention strategy, responding to the needs workers shared. In surveys, workers enthusiastically embraced the idea. One worker described access to free childcare as “life-changing.”

https://znetwork.org/znetarticle/under-mamdani-new-york-will-be-first-to-open-free-childcare-center-for-city-workers/

So far this man has done just about everything he said he wanted to do….he has my vote of mayor of the year.

Right after the first of the year the mayor first major proposal was a tax plan….

A number of new taxes have been proposed this winter and spring to address the City’s structural budget gap. They range from a surcharge on high-income Personal Income Tax filers, to a partial recapture of the federal tax benefits accruing to Pass-Through Entity Tax filers, to higher rates for the City’s business income taxes, to higher real property transaction taxes on luxury properties at time of sale. One of the most likely, and possibly only, new tax revenue to be included in the FY 2027 State budget is a tax on pied-à-terre properties in New York City.

To date, details on the proposed tax have been hard to find, but Governor Hochul announced a revenue estimate of $500 million from 13,000 “second homes” with market value of at least $5 million.  The lack of further information has spurred wide-ranging conjectures regarding which properties might be subject to the tax and how much they might pay.

In this Fiscal Note we use previous pied-à-terre tax proposals to estimate potential revenues and highlight areas of uncertainty. Based on the parameters chosen for the analysis, tax revenues are critically dependent on the share of targeted properties that are rented and on the behavioral responses to the tax. We find that, before adjusting for these factors, our choice of tax rates and brackets could raise almost exactly $500 million from a little over 11,200 properties. However, revenues could be reduced to between roughly $340 million and $380 million based on assumptions on exclusions for rented units and behavioral changes following the imposition of the tax.

The Pied-à-Terre Tax and Its Potential Revenues

Another policy that meets with my acceptance….

I Read, I Write, You Know

“lego ergo scribo”