Last weekend, during his 100-day address, Mayor Zohran Mamdani finally shared new details on one of his signature campaign promises: city-run grocery stores. The first location is expected to open next year, with additional stores planned across the city. NY1 investigative reporter Courtney Gross, political reporter Bobby Cuza, and statehouse reporter Bernadette Hogan break down how these city-run stores would operate and what it could mean for New Yorkers navigating high grocery prices.

Meanwhile, Gov. Kathy Hochul's new tax proposal could help Mamdani close part of the city's budget shortfall. The initiative introduces New York state's first "pied-à-terre" tax on luxury second homes. The tax would apply to one-to three-family homes, condos, and co-ops valued at $5 million or more, owned by people whose primary residence is outside the five boroughs.