Mayor Bill de Blasio, Wednesday, presented his fiscal 2014 budget and financial plan projecting $171 million in increased property taxes and $310 million more in property transfer taxes than the Bloomberg administration forecast in December. The plan calls for roughly $1 billion additional real property tax revenues each year for the next five years — about 5 percent more annually. Tentative assessments for this coming July were up about 8 percent.
Last Saturday, de Blasio announced a host of high level appointments including Vicki Been of the NYU Furman Center as Commissioner of HPD and Gary Rodney, most recently Executive VP of Development at Omni New York, as president of the Housing Development Corp.
Next Friday is the deadline for claiming manufacturers rebates on July thru December purchases from more than 40 building supply companies including Delta, Honeywell and Lutron. These rebates are on top of any discounts you may have already received and are a benefit of ABO membership. Apply today.
More than 200 builders and property owners joined the effort in Albany to reform the State’s Scaffold Law this week and Gov. Cuomo said he would be open to changes. Make your feelings known with a letter from this link.
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