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Council opens public hearing on local law to allow exceeding New York's 2% tax cap
Summary
The council opened and closed a public hearing on Local Law No. 7, a proposed local law to permit the city to exceed New York's 2% tax cap during budget preparation; corporation counsel said adoption would be required before adopting a budget that exceeds the cap. No public speakers addressed the measure.
The council opened a public hearing on Local Law No. 7, a proposed measure that would allow the city to exceed New York's tax cap, described in the meeting record as 2% of the levy. The motion to open the hearing was made by Councilman Jeffrey Rhodes and seconded by Councilwoman Jacqueline Denison; the council voted in favor and the…
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