Monthly Archives: April 2016

Market Down, Taxes Up Again

The Mayor submitted his fiscal 2017 Executive Budget proposal, Tuesday, anticipating a 5.1 percent increase in property taxes, despite noting that the “commercial real estate market is expected to decline in 2016 from its record year in 2015.” One-to-three family … Continue reading

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Senate Status Quo, For Now

The reported Democratic win in Senator Skelos’ old district in Tuesday’s election technically gives the Democrats a majority in the State Senate, but another Democrat who votes with the Republicans and the existence of the Independent Democratic Conference will likely … Continue reading

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That’s Low!

Operating Costs for stabilized apartments fell 1.2% in 2015 due to lower fuel prices and a warm winter, according to the Price Index report issued by the Rent Guidelines Board yesterday. The record low Price Index could justify a commensurate … Continue reading

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Evictions Down, Homelessness UP

Non-payment filings dropped 2.4% in 2015 while actual evictions dropped 18.1% according to a report released yesterday by the Rent Guidelines Board. The Income and Affordability Study noted that non-payment filings dropped for the fourth year in a row while … Continue reading

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Greener, Less Discriminatory

New or substantially rehabilitated City buildings and private construction with more than 50 percent City funding will have to meet LEED or similar energy conservation standards under legislation signed by the Mayor this week. The Mayor also signed a bill … Continue reading

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