The good news from yesterday's city council vote
to local property holders is that their $400 rebate checks, which Mayor Bloomberg had previously tried to hold back
, were cleared by the Mayor for delivery, speaker Christine Quinn announced. The bad news is that property taxes were increased by 7 percent -- or, rather, a prior 7 percent tax cut was repealed. The hotel tax was also raised from 5 to 5.875 percent. (Newyorkology
says this comes out to about $3 extra a night.) The Council also restored some budget items
which the Mayor had cut: $5 million to CUNY, $3.763 to Children's Services, and a few other line items, but cut $13 million from the budget for "consulting on city capital projects," per the Gotham Gazette
, which was told that the session reduced the city's projected 2009 deficit from $4 billion to $1.1 billion.