According to the New York Post, the average New York City household will pay up to $2,300 in additional taxes and fees this year.The city's general sales tax has gone up from 4 to 4.5%, which, combined with the 4% state sales tax and a commuter tax, will add 8.875% to most purchases -- and the city's 4.5% sales tax on clothing over $110 is back.
The Bloomberg administration, on the downlow, has tacked the new 4.5 % sales tax onto our gas and electric bills to raise another $74 million, so, based on a typical Con Ed bill, each New York City household will pay an estimated $28.50 more this month alone.
New York City homeowners will pay 7% more in property taxes this year, which landlords will likely pass on to their tenants in the form of rent hikes. The average property-tax bill for a single-family home in Brooklyn will jump by an estimated $184. Condo owners can expect to pay an estimated $71 more.
Families with kids in college face a 15% CUNY tuition increase, up from $4,000 to $4,600, as of last September. At CUNY community colleges, the increase is 13.4%, up from $2,500 to $3,175. Another 2% tuition hike is in the works.
Tuition at SUNY has gone up from $4,660 to $5,070 since last year.
The state Legislature has hiked more than 50 state taxes and fees to generate an additional $8 billion in revenues this fiscal year.
State taxes on utilities, health insurers and car-insurance companies have also been increased -- and will be passed down to consumers.
The article from the New York Post.
Photo courtesy of Forgotten New York
