Monthly Archives: May 2019

Balancing The Budget By Taxing Real Estate . . . Again!

In the typical “smoky backroom” that is a regular part of the state’s budget process, the legislature passed and the Governor signed an unexpected change to the real estate transfer tax.  The surprise change was in lieu of a disastrous possible pied a terre tax that Mayor DiBlasio had originally supported.  The new taxes impact …

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