New York City Landlords Panic! 25% Of NYC Renters Didn’t Pay June Rent

New York City Landlords Go Into A Panic As 25% Of NYC Renters Didn’t Pay June Rent 

new york city landlords

New York City landlords are worried. The future looks bleak as nearly 25% of New York City renters have yet to make June rent payments.

The Community Housing Improvement Program represents the owners of 400,000 small rent-stabilized units which equals 3 million units. The group claims nearly a fifth of those surveyed reported rent collections less than 60% of normal.

CHIP is calling for a “massive federally-funded bailout” for renters. They believe this will mitigate the devastating impact of the rent shortfalls.

Read more at MFI-Miami

New York Shakedown! Visiting Healthcare Heroes Must Pay NYS Income Taxes

The New York Shakedown! New York Governor Andrew Cuomo Says Visiting Healthcare Heroes Must Pay NYS Income Taxes

new york shakedown

The New york Shakedown is back and this time Cuomo has health care workers in his sights. Health care heroes came from around the country to help fight the coronavirus outbreak in New York.

Now Cuomo and the state of New York say these heroes will have to pay state income taxes.

The taxes would also affect Samaritan’s Purse and other Christian aid organizations. They set up a temporary hospital in Central Park.

Cuomo said:

We’re not in a position to provide any subsidies right now because we have a $13 billion deficit. So there’s a lot of good things I’d like to do. If we get federal funding, we can do it. But it would be irresponsible for me to sit here looking at a $13 billion deficit and say I’m gonna spend more money. 

The issue first arose when Samaritan’s Purse was setting up its emergency field hospital. The charity’s comptroller noticed that NYS law requires anyone working in the state for more than 14 days to pay income tax.

Read more at MFI-Miami