New York
N.Y. Families Could Receive Tax Credit of Up to $1,000 Under Hochul Plan

Gov. Kathy Hochul of New York on Monday proposed an expansion of the state’s child tax credit that would more than double what some families currently receive.
The plan, the second in a series of recent proposals the governor has made toward addressing the state’s affordability crisis, would give eligible families a tax credit of up to $1,000 per child under the age of 4. Each child from the age of 4 to 16 will qualify families to receive up to a $500 tax break per child.
In recent years, the state has offered up to $330 per child for the poorest New York families. Ms. Hochul will include the proposal in her State of the State address next week and push to include it in her executive budget.
Frustration with the high cost of living surfaced among voters in the 2024 elections, and many Democrats, amid soul searching about Republican victories, said they should have talked more about addressing affordability.
Both Ms. Hochul and Mayor Eric Adams of New York City have already announced tax cuts or refunds they want the Legislature to adopt this year. Mr. Adams’s proposal would eliminate New York City income taxes for more than 400,000 of the lowest-wage earners. Ms. Hochul announced in December that she wants to spend about $3 billion to send checks between $300 and $500 to roughly 8.6 million New Yorkers, using money from sales tax revenue.
In a news conference Monday, Ms. Hochul said she has long focused on affordability, adding that proposals like increasing the child tax credit are partly shaped by raising her own children and seeing the financial strain that experience can have on a household.
“I will continue doing this,” she said. “I’ll do it independent of elections. It’s the right thing to do.”
“People are hurting right now,” she added, “and we cannot be tone deaf as a party, as a nation or as a state to those cries for help. This is how to respond to them.”
The state has spent billions in recent years on child care and to make more families eligible for subsidies. Tax credits like the one Ms. Hochul proposed have proved popular and effective. During the early years of the coronavirus pandemic, an expansion of the federal child tax credit led to dramatic reductions in adolescent poverty. This expansion then expired, and bipartisan efforts to bring it back failed.
Ms. Hochul’s proposal would apply to more than 2.75 million children in the state; families earning up to $200,000 a year would be eligible for the credit. In a news release, Ms. Hochul’s team said the average credit for families would double to nearly $950 under her proposal.
Legislative leaders, who have suggested similar proposals in past budget negotiations, appeared receptive.
“We are very glad the governor is supporting these important tax credits, which we have long championed in the Assembly majority,” said Mike Whyland, a spokesman for Assembly Speaker Carl E. Heastie.
State Senator Andrea Stewart-Cousins, the majority leader, noted in a statement that she, like Ms. Hochul, is both the first mother and grandmother to serve in her role. Funding child care would remain a focus this legislative session, she said.
“I know firsthand how expensive raising children has become in this great state,” she said. “We look forward to discussing this proposal further. But we also know we have to deal with the rising cost of child care. The cost of child care is a burden that can overwhelm families, and we need to take steps to make affordable child care available to all New Yorkers.”
Even some Albany Republicans were open to the proposal. State Senator Jacob Ashby, a Republican from Rensselaer County, said that the state needs to do more “to make structural changes to our state economy” like lowering taxes across the board. Many of his colleagues have criticized Ms. Hochul, arguing that her administration has not done enough to lower costs for New York families.
“As someone who’s sponsored bipartisan legislation to provide new parents with targeted relief and pushed to increase the child tax credit across the board, I’m really optimistic about this proposal,” Mr. Ashby said in a statement.
If enacted, Ms Hochul’s proposal would be among the most generous child tax credits nationwide, according to researchers at the Center on Poverty and Social Policy at Columbia University. In 2023, New York and 15 other states had some form of this credit, ranging in the amount given to families and the income threshold when it phases out. When the proposal is fully up and running in several years, these Columbia researchers estimate the tax cut could drop child poverty by about 9 percent.
“When the federal child tax credit was expanded during the pandemic, we saw child poverty plummet to historic lows,” said Richard Buery Jr., the chief executive of the Robin Hood Foundation, a nonprofit in New York City that works to reduce poverty.
“With more money in your pocket, as a parent, you are less stressed, you can be more present, you can be much better and more effective at parenting children,” Mr. Buery added. “But when those federal credits expired, we saw our local poverty rate reach a 10-year high. So we know what to do. We just need the political leadership to do it.”

New York
As Trump Attacks Elite Colleges, Their Usual Allies Are Nowhere in Sight

In a very short time, Mahmoud Khalil, the former Columbia University graduate student and pro-Palestinian activist who was questionably detained by federal immigration officials, has become a symbol of the Trump administration’s escalating antagonism toward elite universities. Columbia finds itself up against the impression that whatever it has done to combat what it perceived as antisemitism — suppressing campus protests of the war in Gaza with the help of the police; evicting and expelling rallying students; severing ties with a law professor who had been a vocal supporter of the Palestinian cause — it has not been nearly punitive enough.
However egregious these measures might seem to champions of civil liberty, they strike people like Jeffrey Lichtman as cowardly and insufficient. Last year, Mr. Lichtman, a lawyer, represented a Columbia student and former member of the Israel Defense Forces in a suit against the university after he was suspended for showering protesters with foul-smelling joke spray that sickened some of them. Columbia settled for close to $400,000. Still, Mr. Lichtman believes that the university is so rife with hatred and disrespect for Jewish interests that it “should be taken over by the federal government” — at least in the short term, he said to me recently.
Just before Mr. Khalil was apprehended, the Trump administration took the comparatively modest step of canceling $400 million of Columbia’s federal grants. A few days later, it warned 60 universities that a similar fate could await them. Among the schools listed were Harvard, Cornell and Johns Hopkins, where Michael Bloomberg, who once called President Trump “a carnival barking clown,” made a $1 billion gift in July.
The goal of the current White House to dismantle higher education — while running for the Senate, JD Vance plainly called universities the enemy — has elicited alarm from many quarters, but it is striking how little we have heard from the megadonor class. Their contributions of billions of dollars to major universities would suggest a significant investment in the mission (or at the very least a vain interest in keeping alive the buildings and centers and divisions to which they have purchased naming rights).
The quiet was punctured this week when Bill Ackman, the hedge-fund manager who was instrumental in getting Claudine Gay removed from the presidency at Harvard last year, weighed in on X. He did not express concern about potential cuts to universities; rather he wanted to say that only “financial and legal pressure” will get them back to a point at which “sanity” might prevail.
Under a different set of conditions, it would be easy to imagine wealthy Ivy League Democratic donors rising up to fill in the gaps left by an unwelcoming government. But in the current environment, the grievances of those donors — against diversity initiatives and unruly agitators — stand in precise alignment with the agenda in Washington.
Even before the cuts were announced, the Stand Columbia Society, a consortium of alumni and current and former faculty committed to dissecting the wonkier aspects of campus operations, laid out in its newsletter just what would be at stake if the university lost hundreds of millions dollars in federal grant money. The society has pushed both for Columbia to take a position of institutional neutrality, as the University of Chicago has done for decades, and to work harder to fight campus antisemitism (so that the university does not “dissipate due to the actions of a violent and nihilistic fringe mob”). It also made a persuasive argument that the disappearance of so much money would be catastrophic.
Reviewing the university’s 2024 financial statements, the writers pointed out that of the $1.3 billion Columbia receives annually from federal agencies, the bulk — $747 million — comes from the National Institutes of Health. About half the money goes to overhead, the cap for which has now been reduced. Whatever visions “overhead” conjures of boondoggle trips to conferences in Prague, much of the money that does not go directly to research covers expenses like salaries, lab renovations, student supports and the administrative work required to comply with federal regulations, 168 of which were adopted over the last decade.
Prestigious universities have come to find adversaries in many worlds, among the working class, among rich alumni, among highly educated progressives who find them self-regarding. “Universities are good targets for resentment,” said Michael Roth, the president of Wesleyan University who has written about modern campus politics. “They take such enormous pride in how many people they reject.
“We at universities have not done enough over the years to pay attention to those groups — conservative groups, religious groups — around the country that are essential parts of a democratic culture. The isolation makes us very vulnerable.”
It has become common in the narrative of the current moment to compare campus upheaval to the disruptions of the late 1960s, but the sense of vindictiveness and distaste directed at the academy now can seem of a different order entirely. In 1968, Richard Nixon — famously hostile to campus radicals, and soon to be president — was asked by an interviewer about the public pressure “to get tough and crack down on the student rebels.”
What, the interviewer wanted to know, was his view of the role of dissent on the college campus? “I’m for it,” Nixon responded. “I’m for dissent, because as I look back at the 190-year history of this country, I find that dissent is the great instrument of change.”
New York
Protesters Back Mahmoud Khalil at Trump Tower: ‘Fight Nazis, Not Students’

About 150 demonstrators affiliated with a progressive Jewish activist group packed into the lower level of Trump Tower Thursday to protest the arrest of Mahmoud Khalil, a Palestinian activist and former Columbia University student.
President Trump has heralded the arrest as his administration moves to deport Mr. Khalil, a legal permanent resident of the United States who was a prominent figure in pro-Palestinian demonstrations on Columbia’s campus.
The protesters held aloft cloth banners printed in red and black lettering. One read: “Free Mahmoud, Free Palestine.” They chanted, their words reverberating against the coral marble tiling. “Fight Nazis, not students,” they repeated.
Ninety-eight of the protesters were later arrested, according to John Chell, the Police Department’s chief of department.
Since news of Mr. Khalil’s arrest on Saturday became public, New Yorkers have taken to the streets, marching in Lower Manhattan and gathering on Columbia’s campus uptown. Free speech advocates and immigrant rights groups have questioned the legality of arresting Mr. Khalil, 30, who has a green card, was born and raised in Syria and is married to an American citizen. His lawyers are challenging his arrest in court.
Shortly before noon on Thursday, hundreds of people who had slowly been streaming into the lower level plaza of Trump Tower, Mr. Trump’s high-rise in Midtown Manhattan, took off their coats and revealed bright red T-shirts that said “Not in Our Name” on the front and “Jews Say Stop Arming Israel” on the back.
In 2015, Mr. Trump launched his first winning presidential campaign from a lectern in the very same building, after descending the golden escalator into the lobby. One of the protesters, Josh Dubnau, said the symbolism was intentional.
“He came down that escalator and immediately started demonizing immigrants,” said Mr. Dubnau, 59, a professor at Stony Brook University. “And so this is a symbolic spot where we’re here to say ‘no more.’ We won’t tolerate that.”
Building security officers turned up the music in the lobby and stopped more people from joining the group. After about 15 minutes, police officers who had been watching from afar warned that protesters who remained on the premises would be subject to arrest. Some began to slowly stream out; others stayed seated and continued to chant.
Roughly an hour after the protest started, more than two dozen officers began detaining demonstrators, zip-tying their hands behind their backs, lifting them to their feet and carrying them up the escalator.
Below, protesters continued chanting.
“We will not comply,” they said. “Mahmoud, we are by your side.”
White House officials have justified Mr. Khalil’s arrest by suggesting that by organizing protests on Columbia’s campus, he “led activities aligned to Hamas.” Officials have not accused Mr. Khalil of having any contact with Hamas, taking direction from it or providing material support to it.
His arrest marked an escalation of the Trump administration’s efforts to crack down on the protests, which officials have described as antisemitic and a threat to the safety of Jewish students.
The protesters at Trump Tower, many of whom were Jewish, pushed back on that notion.
One of them, Jane Hirschmann, 78, said that she believed Jews had a particular obligation to voice their opposition to the Trump administration because it had “weaponized antisemitism.”
Ms. Hirschmann, the descendant of Holocaust survivors, said Mr. Khalil’s arrest reminded her of family stories from that “terrible time,” when her grandfather and uncle were taken away in the middle of the night.
“I know, personally from my family history, I know what fascism is, I know what genocide is, I know what abduction is,” Ms. Hirschmann said.
Moments later, she was arrested.
James Schamus, a Columbia professor who participated in the protest and is Jewish, said he thought the notion that the campus was “somehow a hotbed of antisemitic intolerance” was ridiculous.
“We all know that if anything, Columbia is a hotbed of students raising their voice and conscience, and in protest against the inhumane policies that this regime is imposing,” he said.
Plans for the event came together in 36 hours, said Sonya Meyerson-Knox, a spokeswoman for Jewish Voice for Peace.
“As Jews, we know our history,” she said. “We know what happens when authoritarian regimes start scapegoating people and start taking away rights; we know exactly where that leads.”
New York
How NYC Has Changed Since the Covid Pandemic

The millionaires returned. Others are eyeing the exits.
New York City lost, on net, close to 350,000 residents from 2020 to 2023. Policymakers were particularly worried about the departure of the very wealthy and its impact on the city’s tax base.
In the first two years of the pandemic, the city lost about 17,500 residents from the top 1 percent of income earners — those making $815,000 a year or more. Though small in number, that loss represented a 20 percent decline in ultrawealthy residents, according to Emily Eisner, the chief economist at the Fiscal Policy Institute.
But the fears were overblown. The latest census estimates show the city’s population beginning to rebound in 2023 and 2024, growing by 121,893 people over that period.
In 2023, the net total of very rich residents leaving the city was virtually flat, and a strong stock market early in the pandemic helped mint more millionaires.
Still, other vital groups in the city were more likely to leave.
Households with children under 6 years old were more than twice as likely as households without young children to leave the city in 2023. And while migration trends have largely returned to prepandemic norms, Dr. Eisner said, Black residents were still twice as likely as white ones to leave — a trend that predates Covid-19.
Not since the Great Depression have so few babies been born in the city, and school enrollment is falling.
The rush of school-age children out of New York City during the pandemic has left behind a population that is getting older and having fewer babies.
There were 99,000 babies born in the city in 2021 and 2022 — the fewest in any year since the late 1890s other than 1936, during the Great Depression.
Attendance in New York City’s public schools, the largest system in the country, is the lowest it has been in four decades. There are 111,000 fewer children enrolled in public or private school in the city than in the 2018-19 school year.
Change in school enrollment since the 2018-19 school year
Source: New York State Department of Education
The New York Times
Immigrants helped reverse population loss.
More than 230,000 migrants have arrived in New York City since spring 2022, an immigration wave that has been the largest in American history. Thousands were bused from the southern border by order of the Texas governor, but many arrived in New York on their own.
Their arrival has helped stem the city’s population decline. New York City ended last year with 8.48 million people, up from 8.39 million in 2023. But it is still down more than 262,000 people compared with 2020.
Jobs are back. But growth is mostly in low-wage industries.
No city lost jobs like New York. Two months into the pandemic, more than a fifth of workers were unemployed.
So it was celebrated news when, in the fall of 2023, Mayor Eric Adams proclaimed that the city had regained all 946,000 private-sector jobs that had been lost, a year ahead of some predictions.
But most of the new jobs were in lower-paying industries. Home health care, a sector that pays an average of $31,800 a year, grew 45 percent from December 2019 to December 2024, more than any other industry.
At the same time, a wide swath of middle-income jobs that provide many immigrants and young people a toehold in the economy have shrunk. The retail industry, which pays workers an average of $56,200 per year, shed 54,100 jobs from December 2019 to December 2024, a 15 percent drop.
The construction industry, which pays an average of $93,300 a year, often without requiring a college degree, lost 30,700 jobs over the same period.
Construction jobs in New York City
Source: Bureau of Labor Statistics
Note: Data is not seasonally adjusted.
The New York Times
The wage gap is widening…
In much of the country, the pandemic actually reduced income inequality, as lower-paid workers took advantage of a tight job market and a rising minimum wage in many states.
Not in New York.
In the city, most of the wage growth since the pandemic has accrued among the highest-paid workers, according to the Center for New York City Affairs at the New School.
In fact, while low- and middle-wage workers’ income largely stagnated from 2019 to 2024, the highest earners — in fields like finance, tech and information — saw their hourly wages soar, said Mohamed Obaidy, an economist with the center.
Those top-earning workers, who made $312,000 or more last year, have seen their average hourly wages grow four times faster since 2019 than workers in the bottom fifth of wage earners, who made less than $36,000 in 2024. Middle-income workers did not fare much better.
“For the top 3 percent, the post-Covid period is the golden era,” Mr. Obaidy said.
…and poverty is soaring.
More than 2 million New York City residents, or one in four, could not afford basic necessities like shelter, food and clothing in 2023, according to one recent survey. That represents the highest poverty rate in the city since at least 2015, said Christopher Wimer, the director of the Center on Poverty and Social Policy at the Columbia School of Social Work, which conducted the survey. The findings were in line with census figures, which also showed a rise in poverty since the pandemic began.
A family of two adults and two children was considered in poverty if the household made less than $47,190 a year. The median household income in the city in 2023 was about $76,500.
Percentage of the population below the poverty line
Source: Census Bureau American Community Survey (1-year estimates)
The New York Times
The surge in poverty was driven by two major factors. Government aid instituted during the pandemic, including an expanded child tax credit and cash payments to low-income families, ended at the same time that the cost of rent and household goods went up.
High inflation stretched people’s budgets nationwide, but in New York, according to the Columbia survey, the poverty rate was nearly double the national average. That’s because of the high cost of living, which was driven by housing costs, Dr. Wimer said.
“Hearing that New York is back,” he said, “for me, it begs the question: Back for whom?”
New York City became an even more expensive place to live, for both renters and homeowners.
The city has never been a cheap place to own or rent a home — but it’s even more expensive five years after the start of the pandemic.
Nearly 630,000 households spend more than half their income on rent. The median asking price for an apartment was $3,645 per month in February, more than 25 percent higher than at the start of the pandemic. No part of the city is untouched. The steepest increase — nearly 40 percent — has been in the Bronx, long seen as the city’s most affordable borough.
The city’s spending on rental assistance, to help people in homeless shelters find apartments and to provide a lifeline to renters who face eviction, has soared. It is expected to hit $1.1 billion this fiscal year, which started in July. In 2021, the city spent $302 million.
Any solution to the housing affordability crisis, politicians and housing advocates say, must include the construction of housing of all kinds. Last year was a banner year for the building of new units, with nearly 34,000 added, the most since 1965. But it is not enough, and new construction has slowed significantly.
For homeowners, it has never been more expensive to buy in the city. The median sale price was $865,000 in February, a 28 percent increase since early 2020. The median cost to buy in Brooklyn or Manhattan remained about the same: around $1 million.
Companies occupy less space in Manhattan’s office buildings than they did a quarter-century ago.
In the first two decades of the 21st century, the Manhattan skyline was redrawn with towering office buildings to serve the demands of growing companies. That building boom resulted in 419 million square feet of office space, by far the largest office district in the United States.
But companies offloaded offices as the pandemic disrupted the five-day workweek, and they now occupy the lowest amount of space in Manhattan in at least a quarter-century. The percentage of unoccupied space is more than six times higher than in 2000. That glut could fill 32 One World Trade Centers.
Office vacancy in New York City
Source: Cushman & Wakefield Real Estate
The New York Times
Many companies have found they can operate with smaller footprints and with remote workers. White-collar workers in the city now spend about 30 percent of their time working at home, up from a national average of about 7 percent before the pandemic.
Some firms have reversed course. Return-to-office demands, along with an increase in office lease signings in 2024, have led developers and brokers to hope that the market is rebounding.
And yet, in a sign of continuing uncertainty and rising construction costs, the building of new office towers has nearly stopped. No developer has broken ground on the next big property in Manhattan and may not for some time.
Tourism and Entertainment
Tourism collapsed at the start of the pandemic as visitors stayed home.
It’s hard to overstate the importance of tourism to New York City. It sustains numerous industries, employs hundreds of thousands of workers and contributes substantial tax revenue.
Before the pandemic, the city welcomed record numbers of tourists annually and was on track to host 76 million visitors in 2024. The pandemic decimated those projections.
As the city reopened, tourists returned. More than 64 million people visited in 2024, the third most of any year.
There are still fewer international visitors, especially from China, who have historically spent more money in the city and stayed longer than domestic visitors. More than 1.1 million tourists from China traveled to New York City in 2019. It was about half that in 2024.
Visits to many major tourist destinations, such as the Metropolitan Museum of Art, has surpassed that of years before the pandemic. But a few blocks away, the Guggenheim Museum has announced budget cuts in response to lagging attendance. Other attractions, such as Broadway, have rebounded but not fully recovered.
Total attendance at Broadway shows
Sources: Broadway League; Internet Broadway Database
Note: Broadway shows were mostly canceled between March 2020 and September 2021.
The New York Times
Tourists are paying more and more to stay in the city.
The average nightly hotel rate last year in New York City was $314, up 28 percent from 2019. December saw the highest average monthly rate in the city’s history: $440, according to CoStar, a real estate analytics company.
John Fitzgerald, who owns two hotels in Manhattan, said that the last few months of 2024 were the strongest for bookings since the pandemic started. But many travelers, especially those from Europe, where a weakened euro has made visiting the United States more expensive, are groaning about the sticker shock, he said.
“We are still down, but the city is buzzing and our bookings are up, both corporate and leisure,” Mr. Fitzgerald said.
Delivery workers are here to stay.
No other labor force in the city grew and evolved in the last five years quite like delivery workers. Once largely limited to pizza joints and mail couriers, delivery work has become a permanent feature of city life, reshaping the logistics of everything from takeout meals and groceries to retail and prescription drugs.
Since 2019, the number of delivery workers whizzing by on e-bikes and other vehicles has roughly doubled to 60,000, according to James Parrott, a senior fellow at the Center for New York City Affairs.
The rapid growth of the sector, much of it spurred by recent immigrants, gave workers leverage to push for better pay. In late 2023, after months of resistance from delivery app companies, the minimum hourly wage for food-delivery drivers was set to just under $18, not including tips. This year, it will rise to over $21, exceeding the citywide minimum of $16.50. (The pay is based on the time the workers are actively making deliveries.)
Despite companies’ protests that higher pay would hurt the industry, deliveries have continued to grow. In the third quarter of 2024, 2.54 million food deliveries were made per week, a 1 percent increase from the same period the previous year, according to the Department of Consumer and Worker Protection.
A big shift in retail means the city looks less like a mall.
Many critics have long lamented an ever-growing number of big-box retail stores in New York City that evoke the feel of a suburban mall.
The economics that supported many of them were already shifting before the pandemic, but remote work and a surge in online shopping have wiped out hundreds of stores from the biggest companies.
There were 1,225 fewer chain stores in New York City in November 2024 than there were in late 2019, a drop of more than 15 percent, according to Jonathan Bowles, the executive director of the Center for an Urban Future.
From 2020 through the third quarter of 2024, nearly every category of store in the city — from apparel and electronics to furniture and beauty products — had more closures than openings, according to the Department of City Planning.
For a brief period, illicit smoke shops flooded many retail corridors, but a city crackdown on unlicensed businesses has forced many of them to close.
And the storefront economy made a comeback, thanks to restaurants.
The city’s storefront economy is reliant, perhaps more than ever, on food and drink.
When nearly every other type of storefront business suffered, it was restaurants that helped drive down vacancies citywide. From 2000 to 2023, the number of restaurants in the city nearly doubled, climbing to over 21,170.
While Manhattan had the most restaurants overall, over 9,400, the recent growth was strongest in the other boroughs, in neighborhoods where residents’ changing work schedules meant they were spending more time outside the city’s central business districts.
Korean fried chicken shops, Taiwanese bubble tea cafes and Greek lunch spots are among the franchises gaining traction, as some fast-food stalwarts and pharmacies shrank their footprints.
The range of cuisines is a reflection of the city’s reliance on a largely immigrant work force, Mr. Bowles said, adding that foreign-born people make up about 57 percent of the restaurant work force in New York.
There is already concern that the Trump administration’s plan to deport millions of immigrants could have a chilling effect on the city’s growing but fragile restaurant scene.
“It is not an overstatement that we are going to be seeing real labor shortages at employers across the city,” Mr. Bowles said.
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