Breaking news: New York’s $268 billion budget deal includes new second-home tax
The tax on so-called pieds-à-terre comes as Democrats look to increase taxes on the wealthy.
View in browser
The New York Times

May 7, 2026, 11:50 a.m. ET

More Top Stories

Masked agents wait outside immigration courtrooms.

ICE agents would be barred from wearing masks in New York under the new state budget deal.

A suicide note purported to be written by Jeffrey Epstein was released after being sealed for years.

The pope and Rubio shake hands.

Pope Leo and Secretary of State Marco Rubio met amid U.S. tensions with the Vatican.

A baby’s mobile with small wooden toys hanging from it.

From Opinion

Why so few babies? We might have overlooked the biggest reason of all.

Local reporting on the stories that define the city, plus Metropolitan Diary.

Sign up for the New York Today newsletter.

Local reporting on the stories that define the city, plus Metropolitan Diary.

Get it in your inbox

If you received this newsletter from someone else, subscribe here.

Need help? Review our newsletter help page or contact us for assistance.

You received this email because you signed up for Breaking News from The New York Times.

To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings.

Subscribe to The Times

Connect with us on:

facebookxinstagramwhatsapp

Change Your EmailPrivacy PolicyContact UsCalifornia Notices

Zeta LogoAdChoices Logo

The New York Times Company. 620 Eighth Avenue New York, NY 10018