Michael Blake: “We need to have a vacant apartment and a vacant commercial…”

“… as raising new revenue, as well as being intentional on what are we doing around the cash reserves to protect for this to the revenue portion, I have stated that We need to have a vacant apartment and a vacant commercial property tax for those that do not have New York as a primary residence. That would generate about $400 million. By doing that alone, the reclaiming of unclaimed fees and fines in large Part being parking that would generate close to $2 billion by doing that.” (26:46–26:55)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.