Companies cut property taxes through deals

Sign Up for the undefined Newsletter

Hundreds of companies have special tax deals with the city that this year should allow them to pay $48.2 million loess in property taxes than they would have without the deals. City officials say this helps businesses grow in New York and keeps in the city the jobs the businesses generate. Opponents of the deals say across-the-board tax breaks would be fairer than ones just for some businesses. more [Sun]