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Old 12-16-2013, 08:57 PM
 
27,491 posts, read 21,200,118 times
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Interesting: Cuomo pushes tax break for NYC renters | Crain's New York Business
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Old 12-17-2013, 01:30 AM
 
4,135 posts, read 10,290,969 times
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I want to know where he intends to get all the cash to cut property taxes and now give rent credits.

Sounds like a shell game to me: the same money being shuffled over and over and every part of the state told they will get it.

This comes under "believe it when you actually see it"
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Old 12-17-2013, 07:53 AM
 
Location: Manhattan
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Figures...Just when I become an owner.
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Old 12-17-2013, 07:56 AM
 
Location: New Jersey!!!!
15,801 posts, read 11,149,551 times
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More free money give-aways. I'll pay taxes as an owner so renters can collect, great idea. This state will crash and burn hard eventually with all of its funny math.
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Old 12-17-2013, 08:08 AM
 
1,431 posts, read 2,478,141 times
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Quote:
Originally Posted by Airborneguy View Post
More free money give-aways. I'll pay taxes as an owner so renters can collect, great idea. This state will crash and burn hard eventually with all of its funny math.
I believe he's proposing tax breaks for both renters and owners.
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Old 12-17-2013, 08:09 AM
 
Location: Bergen County, NJ
9,855 posts, read 24,177,615 times
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It doesn't say owners will stop getting their credits or will see an increase in prop tax. In fact it very clearly states the opposite here,

He would include renters in his property tax-cutting plan along with owners and strike a political balance that could get his proposal through the Legislature.
Mr. Cuomo's tax commission supported his goal of reducing property taxes upstate and in the New York City suburbs, where residents pay some of the nation's highest taxes.


Not quite sure how he intends to do this. It's basic math someone will have to pay more unless he's really counting on other revenues coming from somewhere? Who knows with Cuomo, he's a hard dude to read...
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Old 12-17-2013, 08:17 AM
 
1,298 posts, read 1,691,540 times
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Don't believe it. Cuomo passed a 2% property tax cap, but the unions put so many holes in it that they turned it into Swiss cheese. Same thing is going to happen with this. NY is thirsty for revenues to pay for its giant welfare/union apparatus.
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Old 12-17-2013, 08:24 AM
 
Location: New Jersey!!!!
15,801 posts, read 11,149,551 times
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What is a tax break for renters? It's a giveaway, plain and simple. It makes zero sense.
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Old 12-17-2013, 08:32 AM
 
Location: Bergen County, NJ
9,855 posts, read 24,177,615 times
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I wouldn't call Cuomo a friend of unions either...
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Old 12-17-2013, 08:46 AM
 
1,431 posts, read 2,478,141 times
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Quote:
Originally Posted by Airborneguy View Post
What is a tax break for renters? It's a giveaway, plain and simple. It makes zero sense.
I'm not sure why it's any different from a tax break for owners who are paying a mortgage? It's a tax break to subsidize housing costs. Why is only one a "giveaway"?
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