you are viewing a single comment's thread
view the rest of the comments
[+] 6 points 1 year ago* (8 children)
  • [–] 10 points 1 year ago*

    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.

  • source
  • parent
  • [–] 5 points 1 year ago (6 children)

    New York City has its own income taxes.

  • source
  • parent
  • hideshow 6 child comments
  • [+] 2 points 1 year ago* (last edited 1 year ago) (5 children)
  • [–] 3 points 1 year ago (2 children)

    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.

  • source
  • parent
  • hideshow 2 child comments
  • [+] 3 points 1 year ago* (1 child)
  • [–] 2 points 1 year ago

    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.

  • source
  • parent