Your guide to NYC's public proceedings.
Q&A
Discussion on Cold War veteran's service and tax exemption impact
2:23:19
ยท
54 sec
Council Member Holden engages in a dialogue with Michael Inyosu, a Cold War veteran, about his military service and the potential impact of the proposed property tax exemption. They discuss the financial implications for both the veteran and the city.
- Inyosu served for four years (1975-1979) as a jet engine mechanic on an aircraft carrier
- The proposed exemption would save Inyosu $600 annually on his $6,000 property tax bill
- Holden acknowledges that the exemption wouldn't significantly impact city finances
Robert Holden
2:23:19
Alright.
2:23:19
And and again, it's not a lot of money that we're talking about.
2:23:22
Even to the city, we're not talking about the city losing money, a lot of money, on you saving $600 or 6
Michael Inyosu
2:23:30
For ten years.
2:23:31
Yeah.
Robert Holden
2:23:32
So it's not a lot of money.
2:23:35
And that and we we how many years did you serve on the aircraft?
Michael Inyosu
2:23:40
Four years.
2:23:41
Seventy five to seventy nine.
2:23:42
Yes.
2:23:44
Yes, sir.
Robert Holden
2:23:45
And what what type of work did you do on
Michael Inyosu
2:23:47
the I was I was a jet engine mechanic.
Robert Holden
2:23:50
So you you're probably experiencing some hearing loss too, probably.
Michael Inyosu
2:23:55
Actually, for some reason,
Robert Holden
2:23:56
I never You did.
2:23:57
And I know I know people that served on aircraft carriers.
Michael Inyosu
2:24:00
Yes.
2:24:00
And and I worked with the subways, but no, I haven't.
Robert Holden
2:24:04
You didn't?
2:24:04
Or you're lucky?
2:24:05
You're very lucky.
Michael Inyosu
2:24:05
No.
2:24:05
No.
2:24:06
Very lucky.
Robert Holden
2:24:06
Doesn't mean in the future you won't have it, but But I'm hopefully we'll keep offering
Michael Inyosu
2:24:10
We're just trying to recognize cold water But
Robert Holden
2:24:13
four years should be worth a tax exemption.