De Blasio vows not to raise NYC property taxes amid budget issues

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Mayor Monthly bill de Blasio on Wednesday promised not to boost home taxes for New York City owners to help bridge the city’s $1 billion budget hole prompted in component by the coronavirus pandemic.

“I just really do not imagine a property tax increase is the ideal matter and I will not do it,” de Blasio told reporters during a Town Hall push briefing when requested about perhaps boosting property taxes by 1 per cent.

“It’s off the desk period of time,” Hizzoner said. “People of this city are hurting in a way that just isn’t precedented.”

De Blasio and Initial Lady Chirlane McCray individual two houses in Brooklyn’s Park Slope worth over $1 million just about every. They pay just $4,000 a year in taxes for each since they procured the qualities prior to community costs skyrocketed.

The mayor has been pleading for financial assist from Washington, DC, or the point out to stem the city’s coronavirus-induced budget disaster.

Bill de Blasio
Monthly bill de BlasioREUTERS

Gov. Andrew Cuomo on Tuesday walked again threats from past week that he would elevate taxes on the state’s wealthiest really should Washington fall short to grant supplemental federal assist to condition and area governments strike hard by COVID-19.