Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has fined SN Servicing Corp., a New York State-registered mortgage loan servicer, $100,000 for failing to maintain two properties in Gloversville, N.Y., under New York’s Abandoned Property Relief Act, which requires banks and mortgage services to fulfill certain maintenance obligations at “zombie” properties.
While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.
Governor Andrew M. Cuomo today unveiled the 6th proposal of the 2018 State of the State: the 2018 taxpayer savings plan to continue to combat New York's most burdensome tax - the local property tax.
Representatives from the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD), City Council Speaker Melissa Mark-Viverito, and Bronx Borough President Ruben Diaz, Jr. joined Radson Development and project partners to celebrate the start of construction of Martin Luther King Plaza (MLK Plaza), a brand new 167-unit affordable housing development located at 869 East 147thStreet in the Mott Haven neighborhood of the Bronx.
Governor Andrew M. Cuomo today announced nearly $400,000 through nine Local Government Citizens Reorganization Empowerment Grants to assist upstate New York municipalities with government reorganizations. Six towns and three villages received grants to implement shared services initiatives and to explore dissolutions and consolidations in order to reduce local taxes and streamline government operations.
Congressman Chris Collins (NY-27) today hailed the inclusion of his amendment to the House passed American Health Care Act into the Senate version of the bill. The amendment, introduced with Congressman John Faso (NY-19), would require New York State to take over the county portion of Medicaid by 2020 and would provide the largest property tax reduction ever to Western New York.
The 2017 Sullivan County Real Estate Tax Foreclosure Auction will be held Wednesday, June 14 and Thursday, June 15 at the Ramada Rock Hill at 283 Rock Hill Drive in Rock Hill, NY. Sullivan County Treasurer Nancy Buck urges potential bidders – especially first-time bidders – to attend a Bidder’s Seminar on Monday, June 12 at 7 p.m. at the same location.
Standing with Saratoga County homeowners and amidst rising local anxiety, today U.S. Senate Minority Leader Charles E. Schumer launched a push to preserve popular, but increasingly at-risk tax deductions Saratoga homeowners and taxpayers depend upon to keep the Capital Region’s cost of living in-check. Whether new Saratoga homeowners, longtime owners, or those looking to buy right now, Schumer said locals are in tax jeopardy as newly-confirmed U.S. Treasury Secretary Mnuchin has suggested threats to mortgage, state and local property tax deductions.
SYRACUSE HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY SUGGESTS REDUCTION IN...
Standing with Bayberry Community homeowners in Liverpool, NY, and amidst rising local anxiety about looming changes to tax policy that could hurt homeowners, U.S. Senator Charles E. Schumer today launched a push to preserve popular, but increasingly at-risk tax deductions: the mortgage interest deduction and the state and local property tax deduction
Long Island County Executives Endorse Governor Cuomo’s Proposal to Empower Voters to Reduce Property...
Long Island County Executives today endorsed Governor Cuomo's plan to reduce property taxes by empowering voters to approve locally-designed plans that deliver shared, coordinated services and lower the cost of local government. The Governor’s groundbreaking proposal would require county executives to convene local government to meetings to develop shared service plans that reduce duplicative spending and find real, recurring property tax savings.
A.G. Schneiderman Sues Company For Allegedly Scamming Thousands Of Homeowners Seeking Property Tax Relief...
Attorney General Eric T. Schneiderman today announced a lawsuit against STAR Exemption Advisor, YCA Corp. and its business owner Arie Gal, for allegedly scamming thousands of new homeowners out of at least $1.5 million by charging them excessive fees to enroll them in the Basic STAR Exemption Program, which is otherwise free. The lawsuit, filed in Nassau County Supreme Court, seeks to provide full restitution to all those affected, and a complete accounting to identify all consumers who are entitled to such refunds. The lawsuit also seeks additional costs, damages, and to permanently enjoin the respondents from marketing any Basic Star rebate or property tax reduction services within the State of New York
According to results from a Homeownership Poll conducted by the Siena Research Institute (SRI), 84 percent of New York voters supported the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state
Governor Cuomo Announces Groundbreaking of $17 Million Mixed-Use Housing Development in New York City
Governor Andrew M. Cuomo today announced the groundbreaking of a $17 million housing development in Jamaica, Queens. The mixed-use housing development will feature 44 units and provide tenants with behavioral health concerns a number of supportive mental health services to promote independence and self-sufficiency. The development is expected to be completed by late 2018 and will be operated by Transitional Services for New York, Inc
The New York State Department of Taxation and Finance today announced that New Yorkers have claimed more than $38 million with a tax credit available to those who’ve installed solar energy systems at their primary residence. Between 2012 and 2014, claims for the Solar Energy Systems Equipment Credit increased 194%. The Tax Department received 9,041 claims for the credit in 2014, up from 3,074 in 2012
The New York State Department of Taxation and Finance today reminded veterans to take advantage of the valuable year-round tax exemptions and credits available to them, their families, and employers
A recent fire at a State University of New York (SUNY) at Purchase College student housing building has spotlighted the importance of requiring all college dormitories to have automatic fire sprinklers, according to leaders of the New York Fire Sprinkler Council, a division of the Mechanical Contractors Association of New York
As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in October at libraries and community meeting halls throughout Nassau County.
Ulster County Executive Mike Hein chose a vacant classroom in the County-owned Business Resource Center (BRC) to deliver his 2017 Executive Budget. The proposed spending plan calls for reducing the tax burden and protecting property taxpayers again this year yet maintains essential services and continues unprecedented investment in the County’s infrastructure.
As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in September at libraries and community meeting halls throughout Nassau County.
Governor Cuomo Announces $29.7 Million in Grants for North Country Water Infrastructure Improvements
Governor Cuomo today announced $29.7 million in grants to support 18 critical municipal water infrastructure projects in the North Country. These grants are part of the second round of NYS Water Grants funded through the state’s highly successful Water Infrastructure Improvement Act
Ulster County Executive Mike Hein signed into law legislation that he previously proposed to enhance real property tax exemptions available to Ulster County Veterans. Based upon new exemption levels recently adopted by the New York State Legislature, this legislation ensures that Ulster County continues to grant its Veterans the most up-to-date exemptions allowable under New York State Real Property Tax Law.
As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in July at libraries and community meeting halls throughout Nassau County
The New York State Department of Taxation and Finance today reminded property owners—homeowners and businesses—that now is the time to review their assessments.
The New York Power Authority and Office of General Services have completed energy efficiency projects at Empire State Plaza and the Harriman State Office Campus that will save $760,000 in annual energy costs and remove more than 5,700 tons of greenhouse gases every year, the equivalent of taking nearly 1,200 cars off the road
Recipients of the Earned Income Tax Credit (EITC) May Also Be Eligible for NYS’s First-Time Homebuyer Assistance. More than 1.5 Million New Yorkers Receiving the EITC are Income-Qualified for a SONYMA Mortgage and Down Payment Assistance Loan