Mike's tax rebate runaround

May 2004
Crain's New York Business;5/17/2004, Vol. 20 Issue 20, p8
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.


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