Foreign governments will no longer have to pay property taxes on some of their diplomatic buildings in New York after a change in policy by the U.S. State Department. The NY Post reports the policy reversal will cost the city "untold millions in future lost revenue" as well as $260 million in unpaid back taxes—including a check from the Hungarian consulate worth $32.5 million that was canceled only days after the State Department's policy change. Undersecretary Patrick Kennedy explains to the Post the decision was made because other countries don't ask the U.S. to pay taxes on its overseas property: "Those countries have come to us and said, 'Wait a minute. Why is New York taxing us when we don't tax you?'" But, besides the loss of potential income, what has some surprised about the new policy is the political U-turn it represents for Secretary of State Hillary Clinton, who previously championed the city's right to collect those taxes when she was a senator. Though the decision may not win her much popularity at City Hall, she'll no doubt have a few new friends at the Indian and Mongolian embassies, both of which are now off the hook after losing a federal court battle over $46 million in back property taxes last year.