Capital New York:
In April, City Council Speaker Melissa Mark-Viverito unveiled an ambitious proposal to re-imagine New York City’s property tax code.
Because Mayor Bill de Blasio’s first budget proposal would continue to rely on revenue generated by a property tax code experts across the political spectrum consider insane, Mark-Viverito suggested, in response, that she and the mayor create another commission to examine the issue.
“The commission on property-tax reform will spearhead changes to the city's outdated tax code and create a more equitable and transparent property-tax system to meet the demands of New York City in the 21st century," she said in a statement provided to the Wall Street Journal.
At the event the story was designed to preview, Council finance chair Julissa Ferreras said the commission would look like former mayor David Dinkins’ 1993 Real Property Tax Reform Commission, which was appointed by the mayor and Council president and led by the city finance commissioner.
Mark-Viverito's office said the commission would be created in the “near future.”
Eight months later, the idea appears to have fallen victim to a reluctance on the part of the Council and mayor to delve into a problem that is both mind-numbingly complex and politically dangerous.