Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Council Gets $400 Property Rebate Check, Mayor Gets Tax Hikes
By
Jen Chung
Published Dec 18, 2008
Modified Dec 18, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Dec 18, 2008
Modified Dec 18, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
According to numerous reports, Mayor Bloomberg has agreed to issue the $400 property rebate checks to homeowners, a win for the City Councilexcept that in exchange for the checks, the Council agreed to raise both the property tax (by 7%) and hotel room tax. The Staten Island Advance says, "If the city's Department of Finance begins printing them immediately, homeowners should receive their rebate checks shortly after the new year, around the same time they will get their new property tax bills." The NY Times also adds that Bloomberg will not cut $20 million from the budget and some Council members expect to vote on the agreement today (though they warned that the deal could collapse). Some numbers: The property rebate checks cost the city $256 million; raising the property taxes to 7% in January (instead of June, as previously planned) means an additional $600 million for the fiscal year; and the hotel room tax hike brings an additional $100 million between March 2009 and June 2010.
Tagged
city budget
City Council
mayor bloomberg
property tax rebate
spending cuts
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Deer are all over New Jersey roads looking for sex, state officials warn
Mid-October through mid-December is deer mating season, which can be a danger to drivers as the sex-seeking creatures cross roadways throughout the Garden State.
By
Rosemary Misdary
Published Oct 16, 2026 at 4:22 p.m. ET
Man messaged 'I got straight poison' before giving NYC college students fentanyl, feds say
A transcript from an April court hearing sheds new light on what transpired at Fashion Institute of Technology.
By
Samantha Max
News
Man messaged 'I got straight poison' before giving NYC college students fentanyl, feds say
A transcript from an April court hearing sheds new light on what transpired at Fashion Institute of Technology.
By
Samantha Max
Inside the plan to fix the nearly collapsed Pfizer Building, 1/64th of an inch at a time
By
David Brand
School bus carrying autistic students got lost in Brooklyn for 4 hours last year
By
Jessica Gould
NYC’s bridges can last 'forever,' if we take care of them
By
Clayton Guse
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .