Silver hopes to take Sandy relief a step further

TRD New York /
Jan.January 16, 2013 10:00 AM

From the January issue: More than two months after Hurricane Sandy hit New York, thousands of outer-borough residents are still reeling from storm damage to their homes and businesses. And while homeowners are no doubt tapping into their own bank accounts to deal with the aftermath of the storm, elected officials in New York City and State are using government levers in an attempt to relieve some of the financial burden for them. Last month, Mayor Michael Bloomberg signed legislation extending property tax payment deadlines from Jan. 1 to April 1 for an estimated 3,000 impacted property owners. In another measure (this one requiring Albany approval), Bloomberg proposed property tax reimbursements for taxes already paid on severely damaged buildings in the current tax year. The reimbursements would be designed to more accurately reflect the current value of the properties and would average about $794 for each of the roughly 900 qualifying property owners, according to his office. [more]


Related Articles

arrow_forward_ios
Plans for NYC’s storm-surge barrier raise environmental concerns

Plans for NYC’s storm-surge barrier raise environmental concerns

Hamptons Cheat Sheet: Hamptonites spend big to secure properties amid MS-13 fears … & more

Hamptons Cheat Sheet: Hamptonites spend big to secure properties amid MS-13 fears … & more

Coney Island Hospital moves forward with $738M renovation plan

Coney Island Hospital moves forward with $738M renovation plan

The city that Shelly built

The city that Shelly built

Go directly to prison: Sheldon Silver’s request to remain free on bail denied

Go directly to prison: Sheldon Silver’s request to remain free on bail denied

NEW YORK, NY - JULY 17: Dean Skelos, a former Republican politician and the former Majority Leader of the New York State Senate, exits federal court, July 17, 2018 in New York City. Skelos and his son Adam Skelos were found guilty on all counts in a corruption retrial. (Photo by Drew Angerer/Getty Images)

Dean Skelos found guilty of corruption, again

After Sandy, buildings flood city’s most vulnerable neighborhoods

After Sandy, buildings flood city’s most vulnerable neighborhoods

Sheldon Silver found guilty, again

Sheldon Silver found guilty, again

arrow_forward_ios
Loading...