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AGENCY TESTIMONY
Upcoming property tax reform initiative
5:07:45
ยท
25 sec
Commissioner Niblack announces plans to introduce a property tax reform bill in the state legislature.
- The goal is to make the property tax burden fairer.
- The department is seeking the city council's support for this important initiative.
- This reform effort is slated for the upcoming spring legislative session.
Preston Niblack
5:07:45
So let me turn to the upcoming year.
5:07:46
This spring we're aiming to introduce a property tax reform bill in the state legislature.
5:07:51
It's time to reform the system and make the burden of paying property taxes fairer.
5:07:56
We look forward to the council's support in this important endeavor.
5:08:00
In fiscal year twenty twenty six, we will kick off the replacement of our thirty year old system for tracking parking violations, STARS, with a new modern system.
5:08:10
Parking and camera violations in New York City account for $1,000,000,000 in revenue.