De Blasio's overspending make NYC's coronavirus fiscal mess far worse

[Personal Real Estate]

Read https://nypost.com/2020/04/17/de-blasios-overspending-make-nycs-coronavirus-fiscal-mess-far-worse/ 

This is exactly right.  The Post has it correct that these retroactive raises are absolutely ridiculous.  

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See https://tony.brooklyncoop.org/mapping/budget/nyc-council-expense-budget

Get ready for an enormous property tax increase. 

In this crazy environment, as market values go down, property tax will go up.