CUOMO & DE BLASIO’S 421-A ‘DOUBLE PAY’

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Reclaim New York executive director Brandon Muir offered the following statement on Governor Cuomo’s plan to add a wage subsidy to the 421-a tax abatement program, which has been backed by Mayor de Blasio:

“New Yorkers aren’t seeing double, Cuomo and de Blasio are actually teaming up to make us pay twice over for politically-connected unions and developers. This has nothing to do with a real plan for affordable housing. It’s all about making donors happy. The result is a scheme unlike any other in the nation.

“The Governor and Mayor can push to stack subsidies on top of subsidies and call it victory, but there can be no doubt that taxpayers will lose and New York will get more expensive.”

Click here to learn more about the 421-a tax abatement program.