Yonkers Property Owners to Receive Tax Rebates from New York State as City Stays Within 2% Tax Cap for Fourth Consecutive Year YONKERS, NY -...

Developer Peter Moore Disregarded Martin Act Requirements While Blatantly Marketing Investments In TriBeCa Loft Building Settlement Bars Moore From the Real Estate Securities Industry For Six Months. Schneiderman: Promoters Of Real Estate Investments Need To Follow The Rules And If They Don’t, They Will Be Held Accountable.

Today, close to our nation’s annual tax day, New York Representatives Jerrold Nadler, Nita Lowey and Steve Israel announced the re-introduction of the Tax Equity Act, a forward-thinking piece of tax legislation designed to adjust federal tax brackets to reflect the actual cost of living in major metropolitan areas.

The lawmakers represent districts which, respectively, span the counties of Westchester and Rockland, New York City, and Long Island, and are home to constituents who both pay higher taxes and contend with higher basic living costs than most Americans.

High numbers of Bronx taxpayers are paying tax preparers rather than using free options.

The Brownfield Opportunity Areas Program helps local communities establish revitalization strategies that return dormant and blighted areas into productive areas to spur economic development.

Attorney General Eric T. Schneiderman today announced a lawsuit against the board of directors of two Brooklyn-based nonprofits, Brooklyn Child & Family Services, Inc. and Project Teen Aid Housing Development Fund Corp., for alleged gross negligence and failed management of the organizations – and of two converted townhouses in the Bedford-Stuyvesant section of Brooklyn

After fees, manager performance is $2.5 billion below benchmark over 10 years, new analysis of City pension system reveals. Calls for review of investment fee structure, alignment of pay with performance.

Earlier today, federal agents arrested Stacey Stackhouse, the former executive director of Village of Hempstead Housing Authority (VHHA) and James Alimonos, Michael Lambros, and Demetrios Kaouris, who performed construction work for the agency, for their involvement in a wire fraud conspiracy in connection with the theft of federal funds.

Senator Patrick M. Gallivan (R-C-I, Elma) says the $142-billion 2015-16 state budget provides critical funding to important state programs while controlling the size and cost of government.  The state’s fifth consecutive on-time budget keeps spending within a two-percent cap, increases aid to education, rejects tax increases and provides property tax relief for homeowners.  The spending plan also includes funding for regional assets such as Roswell Park Cancer Institute, the NFTA and Shea’s Performing Arts Center

Assemblyman Clifford W. Crouch (R-Bainbridge) today called for the inclusion of a $500 property tax credit for middle-class families in the Southern Tier in the state’s final budget. Crouch’s call for tax relief comes in the wake of news that New York State has an additional $610 million on hand from yet another bank settlement.

The Department of Citywide Administrative Services (DCAS) can’t produce an accurate list of the office space it administers, or identify vacancies in the more than 19 million square feet of office space it manages, New York City Comptroller Scott M. Stringer found in a new audit released today. This lack of oversight means that New York City taxpayers could be on the hook for unnecessary payments to property owners

“With this bill I am keeping with my commitment to provide real property tax relief to homeowners across Staten Island who are sick and tired of paying the highest taxes in the nation,” Senator Andrew Lanza said.

Senate Democratic Leader Andrea Stewart-Cousins and her Senate colleagues have released their 2015-16 State Budget priorities. The priorities include:  adding another $2 billion in funding for education;  increasing the minimum wage; creating more affordable housing and job opportunities through capital projects; increasing aid to local municipalities to help reduce property taxes; increased funding for EPIC, the prescription drug plan for seniors, and for kinship care. The list of priorities, in the form of a budget letter to the republican Senate Majority Leader

The Free File program is an essential resource for every New Yorker. The free tax filing service helps millions of people save money every year and claim credits like the Earned Income Tax Credit

Governor Andrew M. Cuomo today detailed projected savings for New York taxpayers as a result of the Property Tax Relief program, which provides 1.3 million homeowners significant financial relief. The $1.66 billion program, which also includes a renters' credit, is part of the Governor's 2015 Opportunity Agenda.

U.S. Attorney William J. Hochul, Jr. announced today that James P. Vasiliou, Jr., 49, of Lockport, NY, who was convicted of bank (mortgage) fraud, was sentenced to time service and nine months of home detention and electronic monitoring by U.S. District Court Judge Richard J. Arcara

Attorney General Eric T. Schneiderman today announced a settlement in his lawsuit against the Dominican real estate development company Consorcio Empresarial Emproy-Divisa, S.A; Danilo Diaz, the company’s president; Julio Balbuena, the company’s sales manager; Rivas Travel and Multiservice, Inc., a New York corporation

ALBANY, NY - February 12, 2015 - (RealEstateRama) -- Today, Independent Democratic Conference Leader Jeff Klein and fellow IDC members released an extensive report outlining the financial obstacles facing New York’s senior population. In order to help make life more affordable for seniors, the IDC unveiled a litany of proposals that include a new senior utility circuit breaker program that will save taxpayers millions, the creation of a utility consumer advocate to fight unscrupulous rate increases, and plans to tackle the affordable housing crisis for seniors by constructing new developments all across the state. As a cornerstone of the IDC’s Invest NY plan, finding solutions to these problems are paramount in order to promote stability and financial security for all New York seniors.

ALBANY, NY - February 9, 2015 - (RealEstateRama) -- Today, Independent Democratic Conference Leader Senator Jeff Klein (D-Bronx/Westchester) called for broadening tax relief for New York City homeowners and renters that would otherwise not be included in the original property tax circuit breaker first proposed by Governor Andrew Cuomo. In order to provide more meaningful relief to New York City households, Klein unveiled three proposals seeking to enhance the current circuit breaker plan that would: 1) factor in an individual or families’ city Personal Income Tax (PIT); 2) increase the maximum benefit to city renters and 3) increase the percent of annual rent that is attributed to property taxes to up to 20%.

NEW YORK - April 9, 2014 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced an agreement with Vornado Realty Corporation, one of the largest owners and managers of commercial real estate in the U.S., that will ensure that individuals with disabilities are provided equal access to parking lots and garages at 20 shopping centers in New York owned by the company. The settlement requires that the facilities are upgraded so they comply with requirements and design standards set forth in the federal Americans with Disabilities Act, so those with disabilities have access to the goods and services that are available at the centers

New York, NY - April 1, 2014 - (RealEstateRama) -- The New York State Senate today passed the 2014-15 education budget that will increase school aid by $1.1 billion, bringing total support for public schools to $22.1 billion. The 2014-15 State Budget distributes school aid fairly and equitably across the state, will help reduce pressure on local property taxpayers, provides additional support for charter schools and for early education programs, and makes important changes to address serious concerns raised about the Common Core program.

New York, NY - April 1, 2014 - (RealEstateRama) -- New York’s hardworking families will see substantial property tax relief from the 2014-15 state budget, including a record amount of funding for the STAR program -- $3.4 billion -- and $1.5 billion in relief over the next three years from a new property tax freeze program.

New York,NY - March 24, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced support from more than 225 local elected officials for his plan to cut property taxes

Albany, NY - March 20, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced support from 175 local elected officials for his plan to cut property taxes. The Governor also detailed his proposal to cut property taxes and encourage local governments to reduce costs earlier today at Mohawk Valley Community College in Oneida County.