February 10, 2016. An op-ed by James Parrott, City & State.
The New York state Senate approved legislation on January 26 that would cap the growth in New York City property taxes at the lesser of inflation or 2 percent a year. The 45-16 vote occurred while Mayor Bill de Blasio was testifying nearby at a Joint Legislative Budget hearing.
State senators in favor of this bill made a three-pronged argument: property taxes have become too burdensome for middle-class … (read more)