A plan to cap property taxes is seen as dead on arrival, state lawmakers say. Sheldon Silver, the Democratic speaker of the Assembly, has said the proposal isn’t up for negotiation. A state commission headed by Nassau County Executive Thomas Suozzi is expected to deliver the plan in weeks. Meanwhile, an alternative labor-backed proposal would increase the personal income tax on people who earn more than $250,000 and use the money to lower property taxes for low-income homeowners.
|This real estate player paid $16K for Trump’s doodle of the Empire State Building|
|Manhattan I-sales haven’t been this bad since the year Lehman collapsed|
|Anderson Associates nabs $67M loan for PLG rental buildings|
|Pension fund’s stake in Sutton Place extended-stay hotel valued at $106M|
|Deutsche, HSBC to lead $800M 28 Liberty refi|
|After a few years, 5 Beekman nears sellout|
|Linda had no role in Macklowe real estate empire, says Harry|