Lawmakers propose taxes on package delivery, ride shares to fund MTA

CrainsNewYork.com (Real Estate) 3/11 12:06P Caroline Spivack

State lawmakers are proposing a trio of potential new taxes — including a fee for online package delivery and a surcharge to Uber and Lyft rides — to help fund the Metropolitan Transportation Authority. Assembly members suggested a trio of new...

State lawmakers budget spending hikes despite looming federal cuts

CrainsNewYork.com (Real Estate) 3/11 11:58A Nick Garber

State legislative leaders called for raising taxes on high earners in their budget plans released Tuesday as well as increasing spending by at least $7 billion despite potential steep cuts in federal aid. The one-house budgets released by the...

Steve Cohen’s casino bid wins key city approvals, but hurdles remain

CrainsNewYork.com (Real Estate) 3/11 10:33A Nick Garber

The City Council is poised to approve the zoning changes Steve Cohen needs to build his casino complex next to Citi Field, but the billionaire Mets owner is still waging an uphill battle to get matching approvals at the state level in order to have...

Congestion pricing gains support among city residents

CrainsNewYork.com (Real Estate) 3/10 8:25A Michelle Kaske, Bloomberg

New York City’s controversial congestion pricing initiative is gradually gaining support, although the new toll has yet to win over a majority of voters. The fee started on Jan. 5, with most drivers paying $9 to enter Manhattan south of 60th...

MTA’s credit at risk without congestion pricing, Moody’s says

CrainsNewYork.com (Real Estate) 3/10 8:19A Caroline Spivack

The credit ratings agency Moody’s hinted at a downgrade to the Metropolitan Transportation Authority’s credit if the Trump administration is successful in killing congestion pricing. Such a move would raise the cost of borrowing for the agency...

On Politics: Adrienne Adams looks like a serious mayoral contender

CrainsNewYork.com (Real Estate) 3/10 7:57A Ross Barkan

Adrienne Adams is officially a candidate for mayor of New York City. The City Council speaker is the latest and (likely) final major entry into the Democratic primary, following Andrew Cuomo. Adams, who is of no relation to Mayor Eric Adams,...

City plans closure of Rockaway senior health center

CrainsNewYork.com (Real Estate) 3/10 5:14A Amanda D Ambrosio

The city’s public hospital system is planning to shutter a medical center in the Rockaways that provides day services to seniors. Though the facility has become underused in recent years, some local officials are voicing concerns that the closure...

Editorial: State's effort to hire axed federal employees is a smart move

CrainsNewYork.com (Real Estate) 3/10 1:03A The editors

Savvy companies seize every opportunity to hire talent from competitors. So why not the state and local government? Gov. Kathy Hochul has smartly launched a program encouraging former federal employees abruptly fired by President Donald Trump and...

New York’s middle market companies to prepare for growth at panel discussion

CrainsNewYork.com (Real Estate) 3/7 5:43A https://www.crainsnewyork.com/cr

With the economy evolving rapidly, many job-creating middle-market companies are adjusting their strategies to seize new opportunities and position themselves for growth. Industry leaders will gather for a panel discussion on how they are...

Adams appoints 4 new deputy mayors to replace resigning aides

CrainsNewYork.com (Real Estate) 3/7 4:23A Nick Garber

Mayor Eric Adams announced four new deputy mayors on Friday to replace the four respected aides whose planned resignations have destabilized his administration. Adolfo Carrión, Jr., Kaz Daughtry, Suzanne Miles-Gustave and Jeffrey D. Roth will...

H+H CEO says service reductions unavoidable amid looming federal budget cuts

CrainsNewYork.com (Real Estate) 3/7 12:33A Amanda D Ambrosio

The city’s public hospital system is bracing for potential losses in the next few years amid looming federal budget cuts, which could force it to reduce services, its chief executive said. New York City Health + Hospitals, which operates 11...

Council Speaker Adrienne Adams joins mayor’s race

CrainsNewYork.com (Real Estate) 3/6 3:04A Nick Garber

New York City Council Speaker Adrienne Adams is running for mayor, becoming the 10th entrant into the crowded Democratic primary race to unseat Eric Adams. Speaker Adams confirmed her plans late Wednesday, saying that “it’s time to stand up.”...

At a Glance: March 6

CrainsNewYork.com (Real Estate) 3/6 12:33A Amanda D Ambrosio, Ethan Geringe

PUBLIC HOSPITALS BUDGETING: With preliminary budget hearings beginning this week, the City Council will hold its first health-related inquest of the cycle with an oversight hearing of New York City Health + Hospitals’ preliminary budget proposal....

Trump policies could damage city’s finances, Adams’ budget director warns

CrainsNewYork.com (Real Estate) 3/5 9:57A Nick Garber

Mayor Eric Adams may be taking a friendly approach toward President Donald Trump, but his budget director painted a stark picture on Wednesday of how the city’s finances could be threatened by the White House’s policies. Budget director Jacques...

City aims to turn housing agency HQ into housing

CrainsNewYork.com (Real Estate) 3/5 7:50A Eddie Small

The city wants to transform the headquarters of one of its main housing agencies into housing itself. The New York City Economic Development Corp. is releasing a request for proposals for developers to purchase and build a mixed-income...