Mayor Bloomberg and the City Council announced an agreement on the Fiscal Year (FY) 2008 New York City Budget. The $59 billion budget includes $1.3 billion in property, sales, and small-business tax cuts, including a property tax rate cut rate of 7% for the coming year. These tax cuts come in addition to the $256 million in $400-per-homeowner tax rebates requested by the City and

Original post by Mitchell Hall

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