New York City’s current property tax system is notoriously opaque, unfair, and regressive. For the past four decades, rather than dealing with its structural flaws, New York State has layered on a patchwork of exemptions and abatements to lower tax rates for various owners.
April 2019 Executive Budget, Fiscal Year 2020 - Details of financial plan by Agency, personal service expense, other than personal service expense and funding.