Good news for property owners: Mayor Bill de Blasio said he would not consider raising property taxes to bridge the growing budget gap.
The mayor told reporters that raising property taxes by as much as 1 percent was “off the table,” the New York Post said. De Blasio pays annual taxes of $ 4,000 for the two Park Slope houses he and First Lady Chirlane McCray bought in 2000 and 2004.
In June, New York City Council gave some property owners a slight delay from delaying interest on fees for their annual payments taxes. Industry groups have said the measure is nothing more than a kick in the can, and that the city can reap more tax revenue by charging interest on arrears.
Some members The city council pushed for a late fee at a 0% interest rate, but spokesman Corey Johnson said that at the time, such a measure would create “significant cash issues for the city.”
To fill the $ 1 billion budget gap, the city is considering mass layoffs and has asked the state to allow short-term loans. Meanwhile, de Blasio announced on Wednesday that he and his staff would be taking weekly holidays in the coming months.
Progressives called on Governor Andrew Cuomo to raise taxes for the rich to close the budget gap, but insisted that aid come from the federal government. Business executives, including many in real estate, last week he called the city Improve quality of life issues with reference to an earlier report that tax increases may be necessary. [NYP] – Georgia Kromrei