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Eric Adams: “We have a body of people who are investing in the city that…”

Featuring: Eric Adams, Democratic | Mayor of New York

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Eric Adams: I was wrong about the pied-à-terre tax

Published | Video Starts at 00:16

It sounds like a popular tax. When I got in and sat down with our financial experts, who was really great, they sat down, they said, eric, here are the numbers. We have a body of people who are investing in the city that we don't have to pay services for. Their children are not in our schools. We benefit from their discretionary spending. We benefit from this. We don't lose from this. We're not giving anything away, if anything is a real win for us. (00:16–00:23)

CLAIM

Asserts that there are investors in the city who do not require city services.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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