PRESS RELEASE
PARTNERSHIP FOR NEW YORK CITY
New York, New York
January 31, 2011
press release (PDF 87K)Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on Property Tax Cap Vote in New York State Senate
“The Partnership for New York City applauds the State Senate for taking a stand to reduce the state's crushing tax burden.
"While New York City is not directly impacted by the property tax cap, the legislation will lead to fiscal discipline across the state – and that benefits everybody.
"For far too long, local governments have raised taxes instead of looking at making the delivery of services cheaper and more efficient.
"The property tax cap will force the state to back away from expensive mandates and job-killing regulations. This will empower New York City and allow it to create an environment that grows businesses and the local economy."
About the Partnership for New York City
The Partnership for New York City’s mission is to engage the business community in efforts to advance the economy of New York City and maintain the city’s position as the center of world commerce, finance and innovation. Through the New York City Investment Fund, the Partnership contributes directly to projects that create jobs, improve economically distressed communities and stimulate new business creation. Partnership companies account for nearly 7 million American jobs and contribute over $740 billion to the national GDP.