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Largest Property Tax Increase In New York City HistoryPoliticsOn December 2, 2002 New York City Mayor Michael Bloomberg signed legislation for the largest property tax increase in the city's history. The 18.4% increase is to help make up a $1.1 billion shortfall in the current fiscal year and $6.4 billion projected deficit for the next fiscal year. Source: CNN Posted: 2002-12-02 8:55:21 PM This fact has been viewed 7856 times.
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