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June 15, 2008

Bloomberg to Raise Property Taxes on Everyone But Ratner and Steinbrenner

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Develop Don't Destroy Brooklyn

Mayor Bloomberg is planning to raise property taxes on everybody but billionaire sports team owners.

Bruce Ratner, George Steinbrenner While Mayor Bloomberg's economic development agency lobbies the Treasury Department to open a tax loophole for Bruce Ratner and George Steinbrenner on the one hand, on the other hand the Mayor wants to raise property taxes. Forest City Ratner would pay no property taxes on its 22-acre, 8 million square foot Atlantic Yards project.

If times are tough, shouldn't we all be sharing in the burden?

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Posted by amy at June 15, 2008 12:04 PM