Contact: |
Sunny Mindel / Michael Anton (212) 788-2958 |
Remarks by Mayor Rudolph W. Giuliani at Public Hearing on Local Laws
The first bill before me today is Introductory Number 826, sponsored at my request, by Council Member Berman. This bill would extend the authority of the Commissioner of Finance to sell tax liens for one year, through and including October 31, 2001. This bill will be retroactive to November 1, 2000.
Since the implementation of the tax lien sales program in 1996, there have been six tax lien sales that have raised approximately $1.1 billion and resulted in a 36 percent reduction in the City's real property tax delinquency. Overall, this tax lien extender will be extremely beneficial to the City of New York.
For the reasons previously stated, I will now sign the bill.
www.nyc.gov
Go to
Press Releases | Giuliani Archives
| Mayor's Office | NYC.gov
Home Page
Contact Us | FAQs | Privacy Statement | Site Map