New Legislation Could Hold Building Developers More Accountable in NYC
Those who New York City more than $25,000 in fines, taxes or liens could be denied a building permit under the legislation.
Councilman James Vacca has introduced legislation that would impose a ban on building permits for tax-delinquent developers.
He says the city is owed $700 million and it can't—and shouldn’t—shoulder these debts any longer: "It's not fair to the taxpayer to raise their taxes, raise their fees, give them more parking tickets when in New York City we cannot collect what is duly ours from scofflaws.”
Portions of the bill are still under debate--including a part to ensure landlords are not denied permits because of their tenant's debt.
A hearing has been rescheduled for next month due to this week's snowstorm.