Monthly Archives: January 2013

No new taxes, but the Mayor’s Fiscal 2014 Financial Plan released this week projects a 5 percent increase in property tax revenues, presumably from increased assessed values. The $70.1 billion dollar budget doesn’t include many changes. Headcount in the Department … Continue reading →

Tenants welcomed the selection of Keith Wright to replace Vito Lopez as chairman of the Assembly Housing Committee yesterday, noting that he is a stabilized tenant. Governor Cuomo’s Executive Budget Proposal did not offer much new on the housing front. … Continue reading →

Democrat Cecilia Tkaczyk has won the disputed upstate Senate seat from builder George Amedore in final vote counting this morning. This leaves the State Senate Republican leadership completely dependent on the Independent Democratic Conference for control of the chamber. Class … Continue reading →

The City Economic Development Corporation this week issued an RFP for a 1.65 million square foot development, including 1,000 units of housing, on the Lower East Side. The Seward Park site is the largest contiguous development parcel south of 96th … Continue reading →

Congress stumbled on a cliff New Years Day and here’s what happened that will effect you: Income Tax Rates: Single taxpayers earning incomes over $400,000 and couples earning over $450,000 will face a 39.6 percent tax rate instead of a … Continue reading →

Congratulations to ABO member Mike Fazio who was honored with the Three Legged Stool award at the New York State Builder’s Association annual meeting this month for his efforts with ABO, NYSBA and NAHB. The winner gets an actual stool. … Continue reading →