That path would mean increasing taxes on the wealthiest New Yorkers, the most profitable corporations, and ending the drain that has long characterized the relationship between the city and the state. The property tax increase, if the city was forced to do so, would be at a 9.5% increase. This is something that we do not want to do and this is something that we are going to utilize every single option to ensure does not come to pass. (23:31–23:38)
CLAIM
Asserts the potential property tax increase percentage if implemented.
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.
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