Sentences with phrase «incentivizing individual property owners»

«By providing a retroactive benefit outside the normal confines of the section 421 - a [tax break] program, this bill would undermine the financial stability of the City of New York by incentivizing individual property owners to seek legislation to expand or enrich their as - of - right tax benefits,» wrote Joseph Garba, then - Mayor Michael Bloomberg's director of state legislative affairs, on June 4, 2013.