Budget Message: Shop Til You Drop
June 13th, 2007

The mayor and the speaker celebrated a deal on the 2008 budget with kisses last night, basking in the glow of budget surpluses and tax cuts. After all as MyFoxNY writes, If you own property or like to shop, New York City’s 2008 budget will be good.
But there are a churlish few out there, commenting on what the budget does not do.
While Mayor Bloomberg and City Council Speaker Quinn may have been double-kissy about the deal, Quinn did not get the $300 rebate for renters she had hoped for, writes The Gothamist.
Theres one thing in the plan thats obviously missing: tax relief for the two-third of all New Yorkers who rent their homes, writes East Village Idiot. While Speaker Christine Quinn trumpeted such a tax rebate this winter she has been pretty quiet about it since, and the mayor apparently never said whether he was for it or against it. Speaker Quinn is just another spineless Democrat on our City Council, the blogger says. Shed rather cave in to Mayor Mike than take a stand for the little guy.
For good measure the blog adds that by cutting the sales tax on clothes, regardless of the price, the new budget does provide tax relief for any and all New Yorkers buying a $202 pair of 7 Denim shorts.
By Gail Robinson on June 13, 2007, 3:55 pmIn category: Economy, Finance, Gotham City, Housing
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