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Friend,

Property taxes have skyrocketed over the last six years, and the burden of a rapidly-growing city budget is disproportionately felt by homeowners in non-gentrified outer-borough neighborhoods. Our unfair property tax system has also caused rents in our communities to rise. Yet, the city keeps saying that they are not raising property taxes, which flies in the face of the lived experiences of homeowners who see their property tax bills grow significantly year after year after year.

It needs to stop. That’s why I am proposing the Truth-In-Budgeting Act — to mandate the city report exactly how much levies increase, and by how much, for homeowners during budget negotiations.

[www.andrewgounardes.com/truth-in-budget]

The Truth-in-Budgeting Act will shine some much-needed light to make our convoluted property tax system more open, honest, and transparent to everyone. We have been fighting this battle for a while. [[link removed]] This is just the first step towards long-term property tax reform that will ensure that the wealthiest owners in New York City — and not everyday New Yorkers — pay their fair share to support vital city services.

The New York Daily News summarizes it well [[link removed]] : "The 'Truth in Budgeting' bill will mandate that for any increase in the property tax levy above 2%, the city must provide full disclosure on the difference between the proposed annual budget and one that achieves zero growth of the levy by offsetting rising property values with a reduction in the tax rate. The disclosure must also be followed by a series of public hearings throughout the city before the City Council adopts a final budget. … The current system allows the city to claim tax rates remain unchanged even though payments are calculated using a complicated method that includes a property’s assessed and market values."

We need action now - not more advisory committees and studies. People in our district are hurting and can’t wait any longer for relief from an antiquated system. Sign the petition to show your support for property tax reform!

SIGN THE PETITION: [[link removed]]

Stay safe, and I look forward to hearing from you!

Andrew



PAID FOR BY ANDREW FOR NEW YORK

Andrew for New York
725 70th Street
Apt C1
Brooklyn, NY 11228
United States

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