Rent-stabilized apartments already exist in NYC. They are subject to regulations, so prices can be bureaucratically frozen.
He has proposed city-owned grocery stores, that would save money on rent and property taxes, forcing competitive pricing on groceries in NYC, and reducing the insane inflation rates we see. During the bird flu, eggs hit $13/dozen, for example.
He’s also looking to increase the city minimum wage to $30/hr, and make the city bus free for residents.
The existing one is set by the state, but I’m not aware of anything precluding the city for introducing its own. They wouldn’t be set by the mayor’s office as mayors don’t actually make laws, but I don’t see how this is a state matter. Certainly none of the coverage about it has said it’s ultimately up to Hochul.
Yes, but you’re talking about the current taxes. Is there a law saying they can’t institute additional taxes themselves? Because the proposed tax is an entirely separate thing and unless that’s precluded by law the existing tax doesn’t really matter. Adams had to go through the state because he wanted to reduce the existing tax.
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Rent-stabilized apartments already exist in NYC. They are subject to regulations, so prices can be bureaucratically frozen.
He has proposed city-owned grocery stores, that would save money on rent and property taxes, forcing competitive pricing on groceries in NYC, and reducing the insane inflation rates we see. During the bird flu, eggs hit $13/dozen, for example.
He’s also looking to increase the city minimum wage to $30/hr, and make the city bus free for residents.
New York City has its own income taxes.
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That’s incorrect. The New York City Council sets the NYC property and income tax rates. Taxes are collected by NYS.
https://www.nyc.gov/site/taxcommission/about/about-the-nyc-tax-commission.page
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The existing one is set by the state, but I’m not aware of anything precluding the city for introducing its own. They wouldn’t be set by the mayor’s office as mayors don’t actually make laws, but I don’t see how this is a state matter. Certainly none of the coverage about it has said it’s ultimately up to Hochul.
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Yes, but you’re talking about the current taxes. Is there a law saying they can’t institute additional taxes themselves? Because the proposed tax is an entirely separate thing and unless that’s precluded by law the existing tax doesn’t really matter. Adams had to go through the state because he wanted to reduce the existing tax.