{"id":155413,"date":"2021-01-15T03:07:43","date_gmt":"2021-01-15T00:07:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bill-de-blasio-would-rather-no-one-notice-his-latest-budget\/"},"modified":"2021-01-15T03:07:43","modified_gmt":"2021-01-15T00:07:43","slug":"bill-de-blasio-would-rather-no-one-notice-his-latest-budget","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bill-de-blasio-would-rather-no-one-notice-his-latest-budget\/","title":{"rendered":"#Bill de Blasio would rather no one notice his latest budget"},"content":{"rendered":"

“#Bill de Blasio would rather no one notice his latest budget<\/strong>”
\n<\/p>\n

\n

Mayor Bill de Blasio dropped his preliminary budget for his last year as mayor on Thursday \u2014 with no notice, on the eve of a holiday weekend and with the documents providing key details landing even later.<\/p>\n

In other words, he did his best to bury it, and with good reason.<\/p>\n

The biggest bad news<\/a> he shared: City property-tax collections are tanking, falling an estimated $2.5 billion next year. That\u2019s more than the extra $2 billion in pandemic relief that Sen. Chuck Schumer just got Team Biden to promise.<\/p>\n

Worse, that property-tax hit is likely to last for years, because companies now realize they don\u2019t need as many workers in pricey Manhattan offices. Plus, the city may also see a fall in residential property taxes, given the damage the pandemic and legalized rent-nonpayment has done to that market.<\/p>\n

Oh, and the loss of office workers is likely to mean a big drop in the state\u2019s income-tax take \u2014 which will inevitably mean cuts in what Albany sends City Hall\u2019s way. (New Jersey and New Hampshire are already suing over this year\u2019s income taxes on remote workers, and more states will follow.)<\/p>\n

Plus, the workers not commuting in won\u2019t spend much in the city, depressing sales taxes, income and property taxes from the relevant businesses and so on.<\/p>\n

Meanwhile, one of Gov. Andrew Cuomo\u2019s big ideas is to convert Midtown office space to residential use \u2014 which is unneeded and can only further permanently depress the city economy.<\/p>\n

In short, it\u2019s time for major structural reforms to cut city government\u2019s costs, because the feds won\u2019t keep bailing us out year after year. It\u2019s certainly not the time for any new giveaways, like the mayor\u2019s plan to \u201cprotect\u201d owners of 1- to 3-family homes.<\/p>\n

Yet de Blasio intends to goose spending another 3.2 percent, even as he\u2019s failed to achieve the labor savings he vowed to find this year. Oh, and he kicked lots of union payments into the coming year to balance this year\u2019s books.<\/p>\n

This mayor doesn\u2019t want to face the city\u2019s existential post-pandemic crisis, and he doesn\u2019t want anyone else thinking about it, either. The next mayor is going to inherit a huge mess and a surging river of red ink.\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Bill de Blasio would rather no one notice his latest budget” Mayor Bill de Blasio dropped his preliminary budget for his last year as mayor on Thursday \u2014 with no notice, on the eve of a holiday weekend and with the documents providing key details landing even later. In other words, he did his best…<\/p>\n","protected":false},"author":1,"featured_media":155414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/de-blasio-budget.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[89450,5042,70877,43,70431],"class_list":["post-155413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-14-21","tag-bill-de-blasio","tag-budgets","tag-editorial","tag-property-taxes"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=155413"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/155414"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=155413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=155413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=155413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}