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May 31, 2007
No budget vote planned in Yonkers, despite deadline
The Journal News
By Hannan Adely
Bruce Ratner's controversial Ridge Hill megaproject is one of the issues holding up budget approval in Yonkers.
The City Council has no plans to vote on the budget this week, despite the fact that it is required by law to approve a budget by tomorrow.
Some council members said they needed more time to review parts of the budget, including a controversial deal allowing developer Forest City Ratner to pay millions of dollars of taxes and lease payments at one time instead of over many years.
Councilman Liam McLaughlin, who chairs the budget committee, said the council may wait to see if the state comptroller will approve the Forest City Ratner deal. The comptroller must sign off on the entire budget, but will not comment until its review is complete.
NoLandGrab: That's funny, Ratner's Atlantic Yards project was a bone of contention for budget approval here in NYC, only the money was going the other way (link).
Posted by lumi at May 31, 2007 6:48 AM