Property taxes provide about 37 percent
of city dollars.
BY DUNCAN OSBORNE As Christine Quinn's 14 years in the City Council come to a close, some community groups are expressing concern that they are losing a sympathetic leader who steered millions
of city dollars into their coffers.
He reports the charges are a result of Monserrate funneling hundreds of thousands
of city dollars to a not - for - profit in Queens called LIBRE, or Latino Initiative for Better Resources & Empowerment.
Currently, 38 cents
of every city dollar goes toward debt repayment, legacy costs and other obligations.
Not exact matches
Plans are in motion for a $ 350 to $ 400 million redevelopment
of Booragoon's Garden
City shopping centre, after a complex multi-million
dollar ownership swap between Westfield and AMP Capital.
But because many
of these multinationals do most
of their business outside
of Portland, the actual
dollar amount deducted for the tax would be miniscule: the
city estimates it will generate about $ 2.5 to $ 3.5 million per year from this initiative.
Making sustainability a de facto policy for U.S.
cities would be a cost - effective design solution that could save millions, and even billions,
of dollars, according to a new study.
«We don't see the kind
of matching
dollars that other
cities across Canada and internationally receive,» says Robertson.
It's not much
of a stretch to say Winnebago is Forest
City: In town you'll find tiny Waldorf College and a business district that has thinned down to a quilt store, gas stations, a
Dollar General, a Subway outlet, and not much more.
The Hong Kong
dollar's peg to the U.S.
dollar is part
of what contributes to the stability
of the
city, says Tara Joseph
of the American Chamber
of Commerce in Hong Kong.
After a few days traipsing through New York
City, I ended up with eight purely free items and four discounted purchases, and spent about 15
of my own
dollars.
Indiegogo has expanded into the triple digits
of employee headcount, now has a New York
City office and has raised hundreds
of millions
of dollars for more than 275,000 people in more than 200 countries.
Amazon (amzn) has said it plans to invest over $ 5 billion in construction and produce many as 50,000 high - paying jobs at HQ2, with the further promise
of «tens
of thousands
of additional jobs» as well as billions
of dollars more in additional investment in the host
city — prompting a flurry
of (sometimes outlandish) bids from
cities and states to woo CEO Jeff Bezos and company.
On July 3, the new museum at St. Louis» iconic Gateway Arch will open, the culmination
of a multi-million
dollar campaign to unify the
city and update one
of the nation's most recognizable man - made landmarks.
The
city does have a high volume
of $ 5 million -
dollar listings, however — 77, according to the collected data.
The question under consideration at that vote was whether he should return a few thousand
dollars» worth
of donations that the
city's integrity commissioner says were improperly gathered.
Five out
of the top 10
cities with the most million -
dollar homes are in California.
Before getting into the criticism
of Trump's impact on veterans, Meyers gave the president «serious credit» for donating over a million
dollars to building a Vietnam Memorial in New York
City, which was completed in 1985.
Jerrit Tan, CEO
of New York
City - based Canopy, believes more entrepreneurs should take advantage
of the billions
of dollars in business grants offered by government agencies, which can buy a startup valuable R&D time and boost credibility.
Union officials also argue that the
city is owed hundreds
of millions
of dollars in unpaid taxes that should be collected before retirees are asked to take a cut in benefits.
China's richest man, on a buying spree in Hollywood, urged U.S. filmmakers to work more closely with the Asian country as he unveiled a subsidy meant to lure productions to his multi-billion
dollar studio in the eastern Chinese
city of Qingdao.
Both metropolitan areas have said, for example, that short term rentals procured through Airbnb and VRBO are essentially against the law, as they cheat
cities out
of millions
of dollars of tax revenues, but also because they aren't regulated the way hotels are, and could be fire traps or have other safety considerations about which hapless customers are not likely to be aware.
The 2012 Inner
City 100 is packed full
of innovative businesses such as Intelect (# 96) that are not only energizing their communities by generating
dollars and jobs, but are growing at outstanding rates.
Still, one drawback may be the
city's endemic financial woes; the state
of Illinois is now grappling with $ 15 billion in unpaid bills, and as much as a quarter - trillion
dollars is owed to public employees when they retire.
That wasn't enough reassurance for organizations such as the Disciples
of Christ, a Protestant group that brings in millions
of dollars to Indianapolis through its conferences, which said it plans to boycott the
city this year.
Bryant Simon, a professor at Temple University, whose book Boardwalk
of Dreams chronicles the history
of Atlantic
City, including Trump's business dealings there, says business owners who worked on the Taj Mahal were often paid just 10 cents to 20 cents on the
dollar in the bankruptcy.
Much
of the middle - class and scores
of businesses also have fled the
city, taking their tax
dollars with them.
Ken Odeluga, a market analyst at
City Index, told BI: «The key for the moment seems to be more about gold's role as a counterweight to the
dollar and, more precisely, as the inverse
of the Federal Reserve's willingness to create more ideal
dollar conditions by tightening policy.»
Orr was unable to persuade a host
of creditors, unions and pension boards to take pennies on the
dollar to help facilitate the
city's massive financial restructuring.
One
of Defy's biggest success stories is Coss Marte, a convicted drug kingpin who at one time made $ 2 million
dollars a year running one
of the New York
City's largest drug rings.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden
City, New York, and San Francisco, California, has recovered hundreds
of millions
of dollars on behalf
of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
Some states are offering Amazon financial incentives valued in the billions
of dollars, including $ 7 billion from New Jersey for its finalist
city Newark.
Among other signs
of its resurgence, Crescent
City has undergone a building boom — with luxury hotels and a billion -
dollar state -
of - the - art health center, and more sporadic rebuilding efforts in the Lower Ninth Ward.
Stateside, the Coyotes eke out a precarious existence via taxpayer
dollars from host
city Glendale; other American teams are losing millions
of dollars a year.
Data from CB Insights found that Beijing, Tokyo, Shanghai and Bangalore were among the top six
cities in the world in terms
of growth in venture - capital deals and
dollars in 2014.
I have no problem hiring a property inspector from a different
city, but don't want to waste hundreds
of dollars if the agent is steering us towards crap property after crap property.
In recognition
of the immense need in Dickinson, and in honor
of my mother's significant contribution to this community, my wife, Amy, and I have decided to donate one million
dollars to the
city's Harvey Relief Fund.
In just under six months, New York
City - based Thrive has signed deals worth «multiple millions
of dollars.»
But two
of the
city's hottest technology start - ups, Twitter and Zynga, are threatening to leave San Francisco unless they get a break from a
city payroll tax that could, given the estimated multibillion -
dollar valuations
of the two companies, amount to tens
of millions
of dollars.
If a
city or state shells out millions
of dollars to attract Amazon, the least it can do is ensure that the resulting jobs lift people out
of poverty.
Uber, which has collected billions
of dollars in venture capital and is in talks to raise more money at a $ 50 billion valuation, is now operating in more than 300
cities across six continents.
Throughout the
city we found the average to hover only a few
dollars in either direction
of the $ 241 for our sample renter.
Uber admitted that it underpaid New York
City drivers by tens
of millions
of dollars, with the blame being cast on an accounting error.
Kidney elaborates: «If India built a new sustainable and climate - resilient
city out
of Hyderabad it's going to a cost a billion
dollars or maybe 5 billion
dollars.
«Every
dollar put into helping more people in Miami participate in our
city's economic opportunities is an investment in our future and these funds will go to community organizations that are helping families and small business owners get ahead and build a path to prosperity,» Guillermo Castillo, market leader and head
of commercial banking for Chase in South Florida, said in a statement.
Just as he slammed down on them in his work in Chicago when he gentrified the
city's black neighborhood, making billions
of dollars in real estate gains for the Pritzker and Crown families.
«That being said, Mr. Trump has paid hundreds
of millions
of dollars in property taxes, sales and excise taxes, real estate taxes,
city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions.»»
Even though billions
of dollars are at stake, few states and
cities have fully disclosed their bids.
A New York
City advocacy group for low - income and minority residents filed a lawsuit against JPMorgan Chase Bank last fall for what it says are illegal and exploitative tactics that have cost the two named plaintiffs thousands
of dollars in penalty fees it contends they shouldn't have had to pay.
By subsidizing high - paying jobs — often to the tune
of hundreds
of thousands
of dollars per job —
cities and states end up cancelling out whatever economic benefit these jobs bring.