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17.02.26 - 20:33
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It Begins: Mamdani Plans First NYC Property Tax Hike In Decades To Plug $5 Billion Hole (ZeroHedge)
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It Begins: Mamdani Plans First NYC Property Tax Hike In Decades To Plug $5 Billion Hole
New York City property owners are set to 'enjoy' the first property tax hike in more than two decades as part of a proposed solution by Mayor Zohran Mamdani to fill a roughly $5 billion budget gap, Bloomberg reports.
"He's put a pretty extreme option on the table, which is a combination of raising property taxes and taking money from reserves and relying on some pretty aggressive revenue projections to boot," said NYC Comptroller Mark Levine.
The pitch, set to be unveiled Tuesday afternoon during Mamdani's preliminary budget proposal, comes one day after Governor Kathy Hochul vowed to kick in another $1.5 billion in additional aid to the city for the current fiscal year and next. Hochul has also committed $510 million for future years to help plug holes in the budget.
Update: Mamdani has laid out two paths; raise taxes on the ultra-wealthy and most profitable corporations, or 'bal...
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17.02.26 - 19:06
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Saks Fights Simon Property to Keep Two Store Locations Open (Bloomberg)
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Bankrupt luxury retailer Saks Global Enterprises is moving to block Simon Property Group from closing two locations in California and New York, a clash that exposes a widening rift between one of the nation's largest mall owners and one of its most prominent anchor tenants....
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17.02.26 - 10:31
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Chartsignal: Comeback-Chance im Immobiliensektor (Der Aktionaer)
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Ein Immobilienwert meldet sich zurück. Nach Jahren voller Gegenwind durch steigende Zinsen hellt sich das Bild spürbar auf. Die Mieten steigen und die operative Basis wirkt stabiler, als viele gedacht hätten. Nach einer längeren Seitwärtsphase kommt jetzt Fantasie in den Titel....
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