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rate is 3.9 percent. The city introduced the tax in 1963 to plug budget gaps, but exempted businesses
doubt the bills would be bad for New York’s state and local budgets, and for the regional economy.
and would be part of the state budget for the fiscal year that starts on April 1.  If enacted, the tax
nothing, the old-fashioned way,” she says, “while some charged 1 to 2 percent [of the project budget
to the state’s new budget. (The existing 1 percent mansion tax is baked into those figures.) Combined
budgeted for $500,000 in a previous Local Law 11 report, was now sent out for bid. When the estimates came
City Independent Budget Office, appearing before the state assembly’s Committee on Real Property
– setting up a functioning condo board, for starters, then tackling budgeting and governance, and dealing
number of agencies that provide part-time supers, tailored to each building’s budget and needs
members will arrange a visit to review the scope of work and estimate a budget. The co-op board will fill

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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