Press Mention

NYC Property Tax Overhaul Fizzles Out Amid Pandemic, Politics

Bloomberg

March 31, 2021

A representative from de Blasio’s office did not respond to a request for comment.

“De Blasio’s commission can issue a final report before his term ends, but no one is going to move on this issue in the next six months,” said Ana Champeny, director of city studies for the Citizens Budget Commission.

After months of delays, the tax reform commission in January 2020, offered a framework for a new system, the first step in a long process that would ultimately require approval in Albany. Adding to the complexity, the mayor also called for any city reform effort to be revenue neutral to avoid disrupting the city’s budget.

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