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New York, NY - Increase in Hotel Tax and 7% Property Tax Signed by Bloomberg |
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file photo of Ave. Plaza Hotel In Borough Park
Property-tax bills, which were sent out over the last week and are due Jan. 30, will increase by 7 percent, to raise nearly $600 million.
The spike will be offset by the $400 rebates that were mailed Friday, Bloomberg said.
"The city's financial picture . . . has eroded significantly during the last six months,, with deteriorating national and local economies, in addition to historic losses on Wall Street," he said.
"I hate to say it, but the last couple of months, things have actually gotten much worse."
The mayor also approved an increase in the city's hotel tax that brings the rate to 5.875 percent from 5 percent and is expected to rake in $70 million a year.
Joseph Spinnato, president and CEO of the city's Hotel Association, called the increase "misguided" and "counterproductive."
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Read Comments (7) — Post Yours »
1
Dec 30, 2008 at 07:57 AM sanitation Says:
Get rid of bloomberg before he drives us to the poor house
2
Dec 30, 2008 at 08:34 AM Anonymous Says:
“ Get rid of bloomberg before he drives us to the poor house ”
he already has...
3
Dec 30, 2008 at 09:44 AM emesdik Says:
He gives you a $400.00 rebate with one hand and takes $500.00 back with the other hand. And we can thank Simcha Felder, he voted for this. Throw them both out. Bring back Rudy.
4
Dec 30, 2008 at 09:20 AM ny Says:
Here comes Bloomberg again raising taxes.
That's what he does best and stupid new yorkers give him high approval ratings.
I figured it out why ny'ers still love him!!
.
It's because he is cleaning up the city
He drives us all out and then the welfare people who don't pay taxes come in and vote for him because he got 'em housing and rebates.
5
Dec 30, 2008 at 08:48 PM Bugsy Siegel Says:
Let Bloomberg donate some of his fortune to the city!
6
Dec 30, 2008 at 09:11 PM madoff Says:
make me mayor. i can raise taxes too and you wont even feel it
7
Jan 01, 2009 at 02:34 PM sanitation Says:
Get rid of bloomberg before he drives us to the poor house