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NYC Hikes Property Taxes, Slashes Services

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NYC Hikes Property Taxes, Slashes Services

U.S.

NYC Hikes Property Taxes, Slashes Services

NYC Hikes Property Taxes, Slashes Services

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  • <iframe src="https://www.npr.org/player/embed/856845/856846" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

New York City approves changes in its budget that slashes many city services and raises property taxes by 18.5 percent — the biggest property-tax hike in decades. Budget woes prompted Mayor Michael Bloomberg to rethink his opposition to new tax increases. Fred Mogul reports.