Public Advocate Jumaane Williams Image Credit: NYC City Council

Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, Committee on Finance public hearing.

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Ross Sandler

Richard Ravitch in his book So Much to Do states two “stubborn facts” about public transportation: public transit costs more than what private markets can provide, and “public” in public transit means politics. Ravitch ‘s readable book tells how for 50 years he has successfully helped political leaders bridge these stubborn facts of public promises and public revenues. (read more…)