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November 6, 2008
Higher Taxes for All...Except Ratner
Develop Don't Destroy Brooklyn presents a brief study in contrast:
From City Room:
Bloomberg Announces Layoffs and Tax Increase
Delivering a grim prognosis for the city’s economy, Mayor Michael R. Bloomberg announced plans on Wednesday to save $1.5 billion this fiscal year and next, by trimming 3,000 jobs from the city’s workforce, rescinding a popular 7 percent property tax cut and suspending the annual $400 property tax rebate checks that homeowners have come to rely upon...
Meanwhile, Bruce Ratner would pay no taxes on about 7 million square feet of housing and office space and an 18,000-seat arena, and collect hundreds of millions from the City treasury.
Posted by lumi at November 6, 2008 5:36 AM