“The rent stabilized building bubble will persist as long as there are greater fools to cash out bad bets. If Albany bails out this market now, with bad data and before the market has started to price buildings properly, they risk turning taxpayers into the greatest fools of all.”
Economy
Updated Tax Credit Would Help Low-Income Homeowners Afford Solar Panels, Environmentalists Say
Mariana Simões |
Installing residential solar panels requires a hefty upfront investment. In 2023, it cost on average over $36,000 per property before incentives, according to the New York State Energy Research and Development Authority (NYSERDA).
Economy
Gasto en pasajes para salir de la ciudad asciende a $7.6 millones
Daniel Parra |
Hasta finales de enero, la ciudad había comprado 20.500 billetes de avión o autobús para reubicar a los inmigrantes fuera de la ciudad, por un total de $7.6 millones de dólares, según informaron las autoridades el martes. Esto es tres veces el presupuesto anual de las dos oficinas principales que gestionan los servicios para las comunidades de inmigrantes de la ciudad.
Economy
City Spending on Out-of-Town Tickets for Migrants Reaches $7.6 Million
Daniel Parra |
As of the end of January, the city had purchased 20,500 plane or bus tickets to relocate immigrants in its shelter system to destinations outside the five boroughs, totaling $7.6 million, officials said Tuesday—three times the annual budget of the two main offices that handle services for the city’s immigrant communities.
Bronx
From the Archives: Rebuilding the ‘Bronx Center,’ 1993
Tatyana Turner |
City Limits looks back at a story from 31 years ago, when developers and politicians were pursuing plans to revitalize and develop “The Hub” in the South Bronx.
CITY VIEWS: OPINIONS and ANALYSIS
Opinion: Outdated Zoning Rules are Hurting the City’s Small Businesses
Larisa Ortiz |
“As businesses evolve to meet changing consumer preferences, it has become clear that zoning regulations too often put up real, often unnecessary obstacles for businesses looking to make these necessary pivots as a matter of survival.”
CITY VIEWS: OPINIONS and ANALYSIS
Opinion: Why New Yorkers Should Reject Austerity for CUNY
Nicholas Freudenberg and Alexa D’Angelo |
“Since CUNY is one of the city’s most traversed pathways out of poverty, any decision to block or compromise this escape route must be considered for its short and long-term consequences.”
CITY VIEWS: OPINIONS and ANALYSIS
Opinion: NYC Comptroller Should Fight Climate Change, Not Finance It
Margaret Perkins and Pete Sikora |
“Blue cities and states have much more pension fund money than red states. As the saying goes, money talks. It’s time for Comptroller Lander to put money that he manages where his mouth is. New Yorkers need him to fight for our interests at least as hard as red state politicians fight for the oil and gas corporations.”
CITY VIEWS: OPINIONS and ANALYSIS
Opinion: Addressing Income Inadequacy and Occupational Segregation this Black History Month
Julia Casey |
“The occupational segregation and income inadequacy rampant across our state today is the direct consequence of policies that have intentionally excluded and marginalized people of color and women and undervalued their labor, especially in care-oriented industries like education, childcare, healthcare and human services more broadly.”
Citywide
‘Why Are You Making It So Difficult’? NYC Cash Aid Applicants Face Denial Surge
Emma Whitford and Patrick Spauster |
The volume of cash assistance applications in New York City has increased dramatically in recent years. But as more households receive aid, the city is also issuing more procedural denials, in the hundreds of thousands.
Economy
Lawmakers Plan to Reintroduce Deforestation Bill Vetoed Last Year
Mariana Simões |
Gov. Hochul tried to water down a bill that sought to stop companies that have contracts with the state government from contributing to tropical deforestation. Now, lawmakers plan to reintroduce the bill and fight for its integrity.