City tax breaks still on offer

When Mayor Bloomberg entered office, he vowed to end the longstanding city practice of offering property- and sales-tax breaks in exchange for promises from corporations to stay in the city. Bloomberg has done much to cut back such handouts, but that doesn’t mean they’re totally gone. Often, they’re simply distributed under different names. more [NYO]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

City tax breaks still on offer

When Mayor Bloomberg entered office, he vowed to end the longstanding city practice of offering property- and sales-tax breaks in exchange for promises from corporations to stay in the city. Bloomberg has done much to cut back such handouts, but that doesn’t mean they’re totally gone. Often, they’re simply distributed under different names. more [NYO]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.