Cuomo expects NYC to take lead on property tax reform

Despite Mayor de Blasio’s vow to overhaul system, elected officials doubt any change is imminent

New York /
Feb.February 25, 2020 10:00 AM
Governor Andrew Cuomo and Mayor Bill de Blasio (Credit: Getty Images)

Governor Andrew Cuomo and Mayor Bill de Blasio (Credit: Getty Images)

Despite Mayor Bill de Blasio’s latest push to do something about the city’s convoluted property tax system, state lawmakers aren’t expecting anything to happen soon.

“I am absolutely not optimistic that there will be legislation this session,” state Sen. Brian Benjamin of Harlem told the New York Times. “This is going to be an important conversation that you cannot rush.”

“We don’t have a bill. We don’t have anything to support. You can’t support a report,” Assemblyman Joseph Lentol of Brooklyn told the paper.

Gov. Andrew Cuomo’s office is also waiting for city officials to make a decision first, his press secretary said.

The most recent attempt to reform the city’s tax system came in response to a 2017 lawsuit, whose mix of plaintiffs included city landlords and the NAACP.

The city announced the formation of a commission to review the tax system last May, and the mayor has vowed an overhaul before his term ends at the end of next year.

Deputy Mayor for Housing Vicki Been expressed doubts last September that such a goal is “realistic,” she said, though City Hall has distanced itself from those comments.

The commission’s first overdue report was not well-received, with a representative for the plaintiff coalition calling it “not anything new” last month. The group, Tax Equity Now, plans to move ahead with its lawsuit against the city and state. [NYT] — Kevin Sun


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)
Owners of some residential properties can’t hide behind LLCs anymore
Owners of some residential properties can’t hide behind LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)
Landlords take another hit: Cuomo signs expanded Loft Law
Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)
Cuomo wants to exempt NYC from prevailing wage bill
Cuomo wants to exempt NYC from prevailing wage bill
Vornado’s Roth reportedly bat down de Blasio’s plans for Fifth Ave. busway
Vornado’s Roth reportedly bat down de Blasio’s plans for Fifth Ave. busway
Vornado’s Roth reportedly bat down de Blasio’s plans for Fifth Ave. busway
Will 10 new towers pay for Penn Station?
MTA chair: 10 new towers may not fund Penn Station expansion
MTA chair: 10 new towers may not fund Penn Station expansion
Attorney General Letitia James and Mayor Bill de Blasio (Getty)
Tish James, Council ask mayor to delay lien sale that he just OK’d
Tish James, Council ask mayor to delay lien sale that he just OK’d
‘Paying the severance would have cost more’: New law pushes hotels to reopen
“Paying the severance would have cost more”: New law pushes hotels to reopen
“Paying the severance would have cost more”: New law pushes hotels to reopen
Department of City Planning's Anita Laremont (iStock)
City Planning votes to restrict hotel development
City Planning votes to restrict hotel development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...