Read memo that Zohran Mamdani's team sent to 'upset' New Yorkers who say we do not get how you will tax our million-dollar homes

New York City Mayor Zohran Mamdani ’s administration chose not to attend Tuesday’s (August 25) City Council hearing on the rollout of the pied‑à‑terre tax, instead submitting a detailed written memo seen by Business Insider. Finance Commissioner Richard Lee explained that ongoing litigation prevented him from appearing in person, but emphasised that the Department of Finance (DOF) is committed to transparency and fairness in implementing the surcharge.