Key Facts

• Mamdani proposed a pied-à-terre tax on expensive second homes, targeting properties over $5 million and condos/co-ops over $1 million not used as primary residences.
• A judge ruled that the city did not follow proper procedures when sending tax notices for this tax, but the tax itself was not canceled. The city appealed and can continue implementation during the legal process.
• Casino owner Steve Wynn and former Trump official Wilbur Ross have sued to challenge the pied-à-terre tax’s constitutionality.
• The city’s Rent Guidelines Board voted for a rent freeze on about one million rent-stabilized apartments starting October 1, but landlords sued, claiming the board was improperly influenced by Mayor Mamdani.
• The rent freeze has not been stopped and is still planned to begin October 1; the lawsuit is ongoing with court-ordered examinations of communication from city officials.
• Mamdani announced plans to open five city-run grocery stores by 2029 with below-retail prices to lower food costs, but independent grocers have filed lawsuits claiming this would harm their businesses and may violate federal antitrust laws.
• An Asian-American parent has sued over changes to elite public school admissions in NYC, saying a program meant to help disadvantaged students unfairly hurts Asian-American students.
• Supreme Court Justice Sonia Sotomayor denied an emergency request to admit this student during the legal appeal, but the overall lawsuit is still being decided.