Half of the units were slated to be affordable under the deal struck between with developers that
included city subsidies, according to Politco New York.
Not exact matches
Why
Cities Subsidize Stadiums: Advocates for
subsidies include the diehard fans, like myself, the players and the owners looking to make...
New big - ticket items
include a $ 1.9 billion
subsidy to make 10,000 units in the mayor's affordable - housing plan even cheaper, $ 300 million to renovate homeless shelters and $ 355 million for facade repairs at
city public - housing developments.
Committee backers,
including the Real Estate Board of New York (REBNY) and the Partnership for New York
City, benefit from a range of policies continued, implemented, or proposed by the Cuomo administration,
including low corporate tax rates,
subsidies, pension reform, and real estate development plans.
Effective immediately, commercial tenants at projects receiving more than $ 1 million in
city subsidies will be part of the living wage provisions,
including the hourly increase.
Supporters also claim the
city - sponsored study examines the wrong population of projects — it
includes an as - of - right
subsidy for industrial and commercial properties the bill is not meant to capture.
The budget
included gubernatorial priorities
including an expanded system of college tuition
subsidies, funding for several infrastructure projects and the legalization of ride - hailing outside New York
City — among other things.
Indeed, the proposal predicts creating 15,000 new affordable housing units would cost about $ 3.83 billion,
including about $ 1.875 billion in
city subsidies, through the Department of Housing Preservation and Development (HPD).
Then, too, the speaker aims to fund his
subsidy (and other initiatives beyond what Mayor Bill de Blasio has proposed for the nearly $ 90 billion
city budget) from some iffy sources: ordering
city agencies to find new savings and getting $ 1.25 billion in higher tax revenues —
including $ 50 million more in administrative fines.
The
city has said that alternative tax abatements,
including 420 - c and Article XI, could help projects that get
subsidies from the
city's Department Housing Preservation and Development.
And not all of Mr. Ickes's New York clients have gotten what they sought,
including JPMorgan Chase, which decided not to build a new headquarters at Hudson Yards on the Far West Side of Manhattan after failing to obtain
city subsidies.
The Council wants de Blasio's 2019
city budget to
include $ 212 million in
subsidies to offer half - price MetroCards to some 800,000 New Yorkers living below the federal poverty line.
Most recently, James joined progressive groups in calling for higher wages and a change in the
city's economic development policies,
including more stringent requirements for banks and corporations that receive
city subsidies.
A commission chaired by the
City of Chicago's Comptroller issued a report earlier this week which said that Chicago can no longer afford its subsidies for government worker retiree health care, which currently cost the city $ 109 million annually but would grow to nearly $ 500 million in a decade thanks to projected increases in the number of retirees and in health care costs.The commission offered Mayor Rahm Emanuel a series of suggestions on how to change the program to save money, including having workers pay a greater percentage of their own health care premiums in retirement, but it also concluded that the city might want to simply end the subsidy program, a move which almost certainly would be challenged in co
City of Chicago's Comptroller issued a report earlier this week which said that Chicago can no longer afford its
subsidies for government worker retiree health care, which currently cost the
city $ 109 million annually but would grow to nearly $ 500 million in a decade thanks to projected increases in the number of retirees and in health care costs.The commission offered Mayor Rahm Emanuel a series of suggestions on how to change the program to save money, including having workers pay a greater percentage of their own health care premiums in retirement, but it also concluded that the city might want to simply end the subsidy program, a move which almost certainly would be challenged in co
city $ 109 million annually but would grow to nearly $ 500 million in a decade thanks to projected increases in the number of retirees and in health care costs.The commission offered Mayor Rahm Emanuel a series of suggestions on how to change the program to save money,
including having workers pay a greater percentage of their own health care premiums in retirement, but it also concluded that the
city might want to simply end the subsidy program, a move which almost certainly would be challenged in co
city might want to simply end the
subsidy program, a move which almost certainly would be challenged in court.
With the foundations of Macao's tourism industry firmly in place, the Government of Macao SAR in 2011 launched a directive to add further impetus to the growth of the
city's travel and leisure sectors,
including subsidies to local tourism - related businesses.
While the details have yet to be finalized,
city council plans on replacing automobile transportation in the
city centre with alternatives that
include 60 kilometres of new bike lanes, a new
subsidy for the purchasing of e-bikes and a significant expansion of its already - robust public transit system.
Other incentives from the
city include a $ 6.7 million loan, $ 1.4 million in Low Income Housing Tax Credits and $ 650,000 from the Low Income Housing Trust Fund, which provides rental
subsidies to landlords who rent to low - income tenants.