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At a news conference on Feb. 4, Mayor de Blasio reiterated his intention to follow through on a promise he made during his campaign last year to not recommend any increase to New York City's property -tax rate when he releases his fiscal 2015 budget proposal.
The mayor and City Council have the power to make across-the-board increases to the nominal tax rate. They can also slice up the pie a bit differently, so that one type of property pays more or less than another, as long as no one slice rises by more than 5 percent in a year.
