The executive order provides relief through a tax pause. On May 19, 2021, Mayor Bill de Blasio signed an executive order to provide temporary tax relief for the hotel industry as the industry continues to recover from the loss of tourism due to the COVID-19 pandemic.
Search Results for: Department of Finance
City’s withdrawl of offer approved
Tax Commission withdrew favorable property tax assessment following audit. 45 Great Jones Street in Manhattan was constructed in 2014 and contains a retail space and five cooperative apartments. The property owner challenged the assessed value for the years 2016/2017 and 2017/2018. The Tax Commission approved a nearly 40 percent decrease in property value for both tax years. The Tax Commission reduced the assessed value for 2016/2017 from $3,244,032 to $2,012,612, and for 2017/2018 from $3,503,554 … <Read More>
City Council Holds Hearing to Address Deed Fraud Crisis
Proposed legislation would include requirements to provide information about how to respond to suspected deed fraud. On October 13, 2020, the City Council Committee of Housing and Buildings and the Committee on Finance held an oversight hearing examining the City’s deed theft and deed fraud crisis, and discussed two bills and a resolution aimed at combatting deed theft: Int 1913, Int 1919, and Res 1427.
The City’s Tax Lien Sale Now Delayed Until Late September
Governor Cuomo signs executive order to delay tax lien sale. On September 4, 2020, New York City Mayor Bill de Blasio announced a delay of the City’s annual tax lien and water lien sale. The sale which was originally scheduled for May 2020 and was postponed to September 4, 2020, as a result of the COVID-19 pandemic, will now take place on September 25, 2020. The announcement comes after New York Governor Andrew Cuomo signed … <Read More>
Governor Announces Dedication of State Park to LGBTQ Civil Rights Activist Marsha P. Johnson
First ever state park dedicated to a LGBTQ person. On August 14, 2020, New York Governor Andrew M. Cuomo announced the dedication of East River State Park in Williamsburg, Brooklyn to LGBTQ activist Marsha P. Johnson. The dedication comes on Johnson’s seventy-fifth birthday and marks the first state park dedicated to LGBTQ person and a transgender woman of color. Marsha P. Johnson State Park is a seven-acre waterfront park located along the East River. It … <Read More>
[UPDATE] Council Looks to Amend Third-Party Delivery Service Bills to Address Proper Timeframe
Small Business hearings takes dire tone. On August 13, 2020, the City Council Committee on Small Business held a remote public hearing, on three bills that would cumulatively limit third-party food delivery services and require the Department of Small Business Services to create reports on COVID-19 related small business grants and loans. Beyond the three bills, the hearing also delved into the state of small business in the City and potential action to alleviate stresses … <Read More>