Vito Lopez vs. Brooklyn’s ‘Gold Coast’

Tuesday’s hearing on the 421-a Property Tax Exemption Program almost didn’t happen.

“When we mailed out the notice and we reached out to a lot of people, there was almost no response,” Vito Lopez, chairman of the state Assembly’s housing committee, said. “So it’s quite interesting.”

At issue was whether 421-a, which gives tax breaks Read More

David Paterson Needs a Friend, Fast

ALBANY-A week before the process to appoint New York's junior U.S. senator reached its messy end, Governor David Paterson stood onstage at an event with Hillary Clinton and compared his experience in the state's highest office to a dirty movie.

"I've been governor for nine and a half months," Mr. Paterson jokingly told the Read More

Bloomberg on Why He’s Raising Sales, Not Income Taxes

Michael Bloomberg hadn’t finished giving his preliminary budget presentation to reporters in City Hall when a key proposal in the plan—to raise sale taxes—got some resistance from Albany, courtesy of Assemblyman Rory Lancman.

He emails:

“The Governor's budget does unfairly hurt New York City and we need to fight to fix that, but the Read More