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Cuomo to Call Lawmakers Back to Consider NYC Property-Tax Rebate

June 22 (Bloomberg) -- New York Governor Andrew Cuomo plans to call lawmakers back for a special session to handle unfinished business, including the extension of a property-tax rebate for more than 300,000 New York City residents that expires June 30, said the Assembly speaker’s spokesman.

New York City lawmakers raised the issue yesterday, the last day of the session, and Cuomo opted not to use his power to put bills through the Legislature with less than three days notice. Instead, he’ll bring lawmakers back to Albany, the state capital, said Mike Whyland, a spokesman for Speaker Sheldon Silver, a Manhattan Democrat.

“The governor indicated we’ll come back and deal with it later,” Whyland said in an interview. “We still have time.”

Josh Vlasto, a Cuomo spokesman, didn’t immediately respond to an e-mail and phone call requesting comment.

The 17.5 percent property tax rebate was instituted in 1996 for condominium and co-op unit owners, Whyland said.

New York Mayor Michael Bloomberg wrote Cuomo to ask that the rebate be curtailed because the city needs the revenue, Cuomo said in a news conference yesterday. The city forgos $462 million annually, Crain’s New York Business has reported.

New York’s mayor is the founder and majority owner of Bloomberg News parent Bloomberg LP.

Lawmakers are leaving Albany today with other unfinished business as well, including a Cuomo proposal to decriminalize 25 grams or less of marijuana and a Silver-backed measure to raise the minimum wage to $8.50 per hour from $7.25.

To contact the reporter on this story: Freeman Klopott in Albany at fklopott@bloomberg.net

To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net

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