"Spent this afternoon with Claire Valdez and Ridgewood leader Father Mike Lopez, distributing food to our neighbors at the Hungry Monk Rescue Truck, the mayor said on X. No better way to start the weekend."
"The proposed tax change, which is essentially a levy on inherited wealth, is unlikely to be enacted this year, Crain's reported on March 13. Many U.S. states do not tax inherited wealth. The Empire State is one of several states that impose separate state-level estate taxes on top of federal estate taxes."
During his 73rd and 74th days in office, Mayor Zohran Mamdani spent the weekend in Queens conducting community outreach. He visited two food pantries: the Hungry Monk Rescue Truck in Ridgewood and BHALO in Jamaica, distributing food items including fruit and potatoes alongside NYS Assembly Member Claire Valdez. The mayor's food distribution efforts generated mixed social media reactions, with some praising his community engagement while others characterized it as a public relations move. Simultaneously, Mamdani's taxation policy proposals drew attention, specifically his plan to reduce New York's estate tax exemption threshold from over $7 million to $750,000. This inherited wealth tax change is unlikely to pass this year and would make New York's exemption threshold the lowest among states imposing estate taxes.
Read at www.amny.com
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