Wealthier NYC households gain $1B from lifted SALT cap, study finds

CrainsNewYork.com (Education) 10/17 8:29A Nick Garber

New York City taxpayers will save billions of dollars from the tax provisions in President Donald Trump’s signature domestic policy law, but the benefits will be skewed toward wealthier residents, according to a new report by the city’s...

Trump admin threatens more NYC funds, this time over 34th Street busway

CrainsNewYork.com (Education) 10/17 6:57A Caroline Spivack

The 34th Street busway is the latest city project the Trump administration is demanding transit officials hit the brakes on or risk losing federal funds and project approvals for other projects.  In a Thursday letter reviewed by Crain’s , Federal...

Maimonides, H+H to partner under state grant to bolster safety-net hospitals

CrainsNewYork.com (Education) 10/17 6:49A Amanda D Ambrosio

Maimonides Medical Center is forging a new clinical partnership with New York City Health + Hospitals as part of a state program to bolster struggling safety nets, Gov. Kathy Hochul announced Thursday. The agreement is one of six deals announced...

NYC Health + Hospitals seeks to boost budget for temporary shelter beds

CrainsNewYork.com (Education) 10/17 12:33A Amanda D Ambrosio

New York City Health + Hospitals is planning to increase its budget for temporary shelter beds for homeless patients as part of a plan to grow its housing program while securing millions in patient revenue. The city’s public hospital system...

Federal judge orders Trump admin to restore $34M in counterterrorism funds to the MTA

CrainsNewYork.com (Education) 10/16 9:11A Caroline Spivack

A federal judge on Thursday ordered the Department of Homeland Security to send the MTA $33.9 million in counterterrorism funds that the Trump administration tried to claw back. Judge Lewis Kaplan of the Southern District of New York said in his...

Op-ed: Battery storage is the safe energy solution we need

CrainsNewYork.com (Education) 10/16 6:03A Julie Tighe

Roughly a quarter of the state’s fossil-based generators are more than 50 years old. In New York City, the most polluting peaker plants, long past their intended lifespan and continuing to harm the health of nearby communities, are finally...

New Yorkers face likely tax hikes no matter who becomes mayor

CrainsNewYork.com (Education) 10/15 9:41A Martin Z. Braun and Nacha Cattan

New York mayoral front-runner Zohran Mamdani’s pledge to fund free child care and bus rides by taxing the rich faces steep odds in Albany. But tax hikes may be coming for New Yorkers anyway, regardless of who leads City Hall. Several lawmakers...

Next mayor must craft a new housing tax break, EDC chief says

CrainsNewYork.com (Education) 10/15 8:38A Nick Garber

The next mayor’s top priority should be to propose a new tax incentive for housing construction to replace the underwhelming 485-x program, New York’s economic development chief said at a Crain’s New York Business event on Wednesday. The comments...

Michelin just endorsed 12 New York City restaurants

CrainsNewYork.com (Education) 10/15 8:38A Jack Grieve

Twelve New York City restaurants that opened within the last two years just earned Michelin's stamp of approval — and could be in the running for stars come November. The French tire company added nine spots in Manhattan and three in Brooklyn to...

Billionaire Bill Ackman donates $1M to anti-Mamdani PAC

CrainsNewYork.com (Education) 10/15 8:27A Laura Nahmias and Amanda Gordon,

Hedge fund billionaire Bill Ackman gave $1 million Tuesday to a super PAC opposing Zohran Mamdani’s New York City mayoral campaign, state campaign finance records show. The donation to Defend NYC is the latest major cash infusion ahead of the Nov....

East Village’s P.S. 64 ready for transformation after decades of controversy

CrainsNewYork.com (Education) 10/14 12:33A Eddie Small

Few development sites in the city have a history as complex or as contentious as that of P.S. 64 in the East Village. The former public elementary school, built in 1906, has been at the center of legal and political fights since at least 1998,...

Casino finalists face a blind bidding war over tax rates

CrainsNewYork.com (Education) 10/13 9:21A Nick Garber

The four surviving bidders for a New York City-area casino face a crucial decision this week: deciding how much they're willing to pay in taxes without knowing what their rivals are offering, a blind bidding war that could push rates far above...

Congestion pricing brings in $365M for MTA through August

CrainsNewYork.com (Education) 10/13 8:47A Caroline Spivack

New York City's congestion pricing program is on track to hit its $500 million revenue target by year-end while dramatically reducing Manhattan traffic — bolstering the MTA's defense of the toll as the Trump administration battles to shut it...

On Politics: Cuomo’s in a bind as Election Day nears

CrainsNewYork.com (Education) 10/13 8:00A Ross Barkan

Is there any hope left for Andrew Cuomo? A recent Quinnipiac poll gave Cuomo and the anti-Zohran Mamdani forces some reason for optimism: Eric Adams’ decision to drop out had boosted the former governor by 10 points. The race stood at 46-33% in...

Nor'easter halts LaGuardia arrivals as storm snarls travel across local airports

CrainsNewYork.com (Education) 10/13 6:20A Caroline Spivack

Fliers at regional airports, especially LaGuardia, are facing delays of up to four hours due to high winds and rain from the nor’easter sweeping the East Coast. The travel headaches are here to stay until at least early Tuesday, according to air...