Category: Legislation
How New York could raise taxes on the rich | Article from CSNY
New York is facing a $14.5 billion budget gap this fiscal year, federal relief dollars don’t appear to be forthcoming, and schools and local governments are facing deep budget cuts. The coronavirus pandemic – and the financial nightmare it created – prompted some progressive lawmakers and activists to double down on…
Lawmakers Support ‘Pied-à-Terre’ Tax on Multimillion-Dollar Second Homes | Article from The New York Times
A plan to tax the rich on multimillion-dollar second homes in New York City has rapidly moved closer to reality, as legislative leaders in Albany and Gov. Andrew M. Cuomo have all signed off on the idea as a funding stream for the city’s beleaguered subway system.Mr. Cuomo said on…
Where’s the Money?: “There’s no money.”
Time and again, we are told by public officials that there is no public money to fix NYCHA. That private investment is the only option. As a starting place for contesting this, the Justice For All Coalition compiled a list of pots where that money could come from - some…
Report: A Green New Deal for NYCHA Communities | Data for Progress
The New York City Housing Authority (NYCHA) is in grave physical, financial and political disrepair. The agency faces a repair backlog of $31.8 billion according to its most recent capital plan, which was based on an extensive Department of Housing and Urban Development (HUD) study. This backlog is the result…
Bernie and AOC’s Green New Deal for Public Housing Act Would Transform America | The Nation
On Thursday, Representative Alexandria Ocasio-Cortez of New York and Senator Bernie Sanders of Vermont introduced the Green New Deal for Public Housing Act, taking the fight against the housing and climate crises to the halls of Congress. Through a 10-year mobilization of up to $172 billion, the bill would decarbonize…
Green New Deal: Bernie Sanders and AOC target public housing in their first bill | Article from Vox
Vermont Sen. Bernie Sanders and New York Rep. Alexandria Ocasio-Cortez have fused two major presidential campaign issues — housing and climate change — in a $172 billion policy proposal released Thursday.Dubbed the Green New Deal for Public Housing Act, the proposal aims to transform the entire stock of public housing…
Velázquez Seeks Funding for Public Housing | Congresswoman Nydia Velazquez
In October of 2019: Rep. Nydia M. Velázquez (D-NY) has introduced the Public Housing Emergency Response Act, legislation to allocate $70 billion for public housing capital repairs and upgrades nationally. Under the proposal, $32 billion would flow to the New York City Housing Authority (NYCHA). Continue Reading >> Velázquez Seeks…
The Millionaire’s Tax to Fund NYCHA
NY State Senate Bill S4511A is sometimes called the millionaire's tax to fund NYCHA. This bill amends tax law to increase tax rate on New York State residents with taxable incomes of one million dollars and use the revenue created by that tax to fund capital improvements to the New…
Abolish This Luxury Property Tax Break and Save NYCHA | OpEd for City Limits
So we’re taking the necessary action, and we’re cosponsoring legislation that will reform the Cooperative/Condominium Property Tax Abatement by ending tax breaks for luxury owners who don’t need them. The top three largest abatements in the city each amount to more than $44,000 every year. Those represent just 17 percent…
Lawmakers: Axe Tax Break for High-End Condos and Coops to Help Fund NYCHA | Article for City Limits
The state budget found new money for a lot of important causes—education aid, transit improvements, clean water—but not for public housing, despite the persistent crisis at New York’s housing authority. While the city would be on the hook to spend billions on NYCHA under a proposed federal settlement, the authority…
