Court rules against NYC's pied-à-terre tax rollout in 2026?
·PoliticsIf a New York State court grants the petitioners preliminary or permanent injunctive or annulment relief (other than a temporary restraining order) against the City's supplemental tax roll, its surcharge notices, or its imposition or collection of the pied-à-terre surcharge in O'Brien v. City of New York, or any appeal thereof before Jan 1, 2027, then the market resolves to Yes.
This market resolves on a written court ruling in O'Brien v. City of New York, the Article 78 proceeding brought in the Supreme Court of the State of New York, Richmond County by Rachel O'Brien, Carmine Morano and Simon Hedley against Mayor Zohran Mamdani and Finance Commissioner Richard Lee over the rollout of the non-primary residence (pied-à-terre) surcharge. Rulings in any appeal of that proceeding also count. The ruling must: Be issued by a New York State court in O'Brien v. City of New York, or any appeal thereof Address the specific matter described in the judgment Be issued through a written order, opinion, judgment, or decision Relief on any one of the three heads is enough, and partial relief counts. An order that annuls or enjoins the supplemental tax roll, the surcharge notices, or the imposition or collection of the surcharge resolves this market to YES. The following do NOT satisfy the Payout Criterion: Oral rulings from the bench unless reduced to a written order Tentative rulings that are not made final Draft opinions that leak but are not officially issued Settlements or voluntary dismissals Administrative or scheduling orders Orders to show cause Minute orders that do not address the substantive issue in the judgment The following also do NOT count, because they grant no injunctive or annulment relief: The temporary restraining order issued August 10, 2026, or any later temporary restraining order An order granting, confirming, vacating or dissolving a stay Denial of a motion to dismiss or of any other dispositive motion Voluntary action by the City, such as withdrawing notices, removing the tax roll, or extending a deadline For clarity: If the case is dismissed for lack of jurisdiction, that counts as a ruling only if the judgment refers to jurisdiction Sua sponte rulings count if they match the judgment Per curiam opinions and summary orders count as rulings If multiple judges issue separate opinions, the majority/plurality opinion controls A ruling in a separate proceeding that has not been consolidated into this one does not count If no qualifying ruling is issued after Issuance and before Jan 1, 2027, this market resolves to NO
