TITLE

Mike's tax rebate runaround

PUB. DATE
May 2004
SOURCE
Crain's New York Business;5/17/2004, Vol. 20 Issue 20, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
First Mayor Michael Bloomberg pushed through an 18.5 percent increase in property taxes, the largest on record. Then he decided to give homeowners $400 rebates to offset the pain, while offering no relief for businesses and renters. Given the mayor's record on tax issues, however, there is every reason to be worried about what Bloomberg administration is up to. New York's property tax system is already heavily weighted toward homeowners. The mayor's bill to provide his $400 checks would create another giant flaw in this already tilted system.
ACCESSION #
13257704

 

Related Articles

  • GOVERNMENT ALERT.  // Crain's New York Business;5/17/2004, Vol. 20 Issue 20, p10 

    New York City Mayor Michael Bloomberg plan would give back $400 a year, raising money for Javits. A tax rebate bill drafted by Bloomberg's office would enable the city administration to offer a $400 check to homeowners not only this year but every year, says one insider. The legislation would...

  • Bloomberg, the great vacillator.  // Crain's New York Business;3/1/2004, Vol. 20 Issue 9, p8 

    The New York City mayor Michael Bloomberg again is belittling the impact of the 18.5% property tax increase he pushed through last year. The mayor earlier proposed a one-time $400 rebate to owners of single-family homes, co-ops, condos and two-and three-family homes. While the economy was still...

  • NEW YORK: N.Y.C. Debate Over Rebate. Phillips, Ted // Bond Buyer;11/24/2008, Vol. 366 Issue 33010, p9 

    The article reports on the opposition of New York City Council to Mayor Michael R. Bloomberg's cancellation of a $400 rebate for homeowners. According to the city councils, Bloomberg does not have the right to withhold the checks and several lawmakers filed a suit to force the checks to be...

  • Bloomberg is out of touch with Albany... and reality. Kiernan, John // Long Island Business News (7/1993 to 5/2009);2/4/2005, Vol. 52 Issue 5, p11A 

    Criticizes the plan of New York City Mayor Michael Bloomberg to send another real property tax rebates to city residents. Assertion on the failure of the mayor to justify the needed funding for several city and state development projects; Impact of the move on the effort of the mayor to get more...

  • NEW YORK New Taxes Gets Nod. Phillips, Ted // Bond Buyer;12/22/2008, Vol. 366 Issue 33028, p9 

    The article reports that New York City Council had passed a new hotel tax and property tax hike to take effect in January 2009 in compromise with Mayor Michael Bloomberg to allow a $400 property tax rebate to go to homeowners. The city budget office expects that the property tax increase will...

  • New York City's Bloomberg: Tax Cut Extension Relies on Economic Health. Phillips, Ted // Bond Buyer;1/18/2008, Vol. 363 Issue 32798, p36 

    The article reports on the announcement of New York City Mayor Michael Bloomberg regarding its plan to propose a one-year 7% property tax cut extension and a $400 property tax rebate in his preliminary budget. According to Independent Budget Office (IBO) deputy director George Sweeting, the...

  • DCA Faces $20M Cut. Jacobs, Leonard // Back Stage;2/3/2005, Vol. 46 Issue 5, p1 

    The article reports that New York City Mayor Michael Bloomberg presented a preliminary budget last week, forecasting a$ 1.4 billion overall surplus and proposing a Department of Cultural Affairs (DCA) cut of some$ 20 million. According to a five-year summary released by the DCA, the mayor's...

  • City bridge and tunnel crowd.  // Crain's New York Business;2/17/2003, Vol. 19 Issue 7, p8 

    Focuses on New York City Mayor Michael R. Bloomberg's decision to increase property taxes. Opposition of voters to the tax hike; Disagreement of Republican members of the City Council with the mayor's decision; Political importance of the decision.

  • Housing crunch and property tax. DAVID, GREG // Crain's New York Business;3/21/2011, Vol. 27 Issue 12, p12 

    In this article the author presents his views regarding real property tax in the New York city. According to the author, the inequity in the property taxation could hinder the aims of Michael R. Bloomberg, mayor of the city council to build more rental and affordable housing. It also reports on...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics