By BY MATTHEW HAAG from NYT The subsidy, known as 421a, has been used in nearly every big residential project over its 51-year history. It costs the city $1.77 billion annually in lost tax revenue.New York https://ift.tt/ERo9yFt
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Why a Lucrative Tax Break for Developers Is Likely to Die in Albany
By BY MATTHEW HAAG from NYT The subsidy, known as 421a, has been used in nearly every big residential project over its 51-year history. It costs the city $1.77 billion annually in lost tax revenue.New York https://ift.tt/ERo9yFt
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