When Aaron Jungreis sought a buyer for the Bossert Hotel at 98 Montague Street in Brooklyn Heights last year, a long list of obstacles stacked up.
The off-market deal meant potential buyers had limited access to the site. Complicated zoning meant the Board of Standards and Appeals would be thrown into the mix. And competition Read More
Public Advocate Bill de Blasio, among those vying to succeed Mayor Bloomberg, may not be so eager to challenge the status quo as the incumbent has shown time and time again, preferring instead to keep interest groups and parochial neighborhood politicians happy and content. And if his recent pronouncement on taxes is any indication, Mr. Bloomberg would be right to worry about the priorities of the next administration.
Mr. de Blasio wants to expand access to full-day pre-kindergarten in the city. That’s pretty ambitious—and pretty expensive. No problem—the public advocate has a plan for that. He says he wants to fund the pre-K program by raising taxes on those who earn more than $500,000 a year. That would raise $500 million, he said, and that would be sufficient to fund pre-K classrooms and instructors for about 68,000 children.
There’s no question that pre-K programs help to prepare young children for primary school. That’s why Mr. Bloomberg and Schools Chancellor Dennis Walcott recently announced the addition of 4,000 new full-day pre-K slots beginning next fall.
The question is how best to pay for this vast expansion of the city’s school system. Raising taxes on the rich—a move that would require state approval—is the wrong answer on so many levels.
There’s nothing like a mayoral campaign to inspire the political class to give long, windy speeches about the state of the city. With an open seat looming next year, there’s no shortage of pretenders to the throne, which means that there has been no shortage of speechmaking about the city’s condition.