The landlord was trampled by property taxes when COIVD-19 drained the rent

Published

4 years ago

July 2, 2020

The landlord was trampled by property taxes when COIVD-19 drained the rent

Tax officials come, even during a pandemic.

July 1 marks the deadline for thousands of beleaguered building owners to pay more than billions of dollars in property taxes to New York City – and nearly half are expected to fail.

About 6 percent of property owners will not be able to pay their tax bills at all, while the other 39 percent will only be able to make partial payments, according to a survey by the trade group Community Improvement Program, or CHIP.

The June survey took the pulse of landlords for 500,000 housing units that were stabilized with rent, but reflected a larger industry, because coronavirus hammered diverse groups of tenants – from residential to commercial, CHIP spokesman Michael Johnson told The Post.

“People who have owned buildings for decades for the first time in their lives will not be able to pay their property taxes,” Johnson said.

The city has estimated around $ 30 billion in property taxes this year – or about a third of its budget. But little consideration has been given to the state of landlords, industry sources say.

The property owner last month requested a freeze on property tax rates; reduction of interest penalties from 18 percent to 3 percent, and for monthly payment plans for their taxes – but their request has not been granted.

In fact, property taxes were raised this year by $ 1.65 billion based on an assessment conducted before the pandemic, The Wall Street Journal reported.

“Financial assistance is very one-sided, all aimed at tenants,” complained Arthur Franciosa, who owns about 30 residential and commercial buildings in the city, mostly in The Bronx.

Many Franciosa retail tenants, including a nail salon, cannot afford to pay rent for months, during which time he has assumed part of the property tax and water and sewerage fees.

He has forgiven the rent in some cases, but now does not have enough to pay his full tax bill, which will start ticking time at an 18 percent penalty fee until he pays the bill or the city starts a lien process against him.

Another owner said he only borrowed $ 40,000 from relatives to pay the property tax bills for three of his family’s commercial buildings.

Two of the main tenants have not been able to pay rent since the pandemic struck in March. But paying a $ 50,000-plus tax bill is a priority because of the heavy 18 percent fine.

“This is a bad situation when you have to borrow money from relatives,” said the owner, who asked not to be named. “We were forced to pay our tenants’ bills and city bills.”

Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.

Portuguese historical films will premiere on 29 December.

Published

1 year ago

December 20, 2022

Herb Adkins

Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

More about

#History of Bermuda #A photo #Portuguese

Model: Everybody, Entertainment, Movies/Movies, History, News

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

Published

1 year ago

December 20, 2022

Herb Adkins

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

News

This is a fact or event of journalistic interest. This may be new or recent information. This also applies to the novelty of an already known situation.

Article

Mostly original text. Expresses the opinion of the author, but not necessarily the opinion of the newspaper. It can be written by journalists or specialists from different fields.

Investigative

A report that contains unknown facts or episodes with a pronounced denunciatory content. This requires special methods and resources.

Content commerce

Editorial content that offers the reader conditions for making purchases.

Analysis

This is the interpretation of the news, taking into account information that goes beyond the facts told. It uses data, brings events and scenario forecasts, as well as past contexts.

Editorial

Analytical text translating the official position of the vehicle in relation to the facts covered.

This is an institutional article on a topic of interest to the company sponsoring the report.

fact checking

Content that confirms the accuracy and authenticity of the disclosed information or facts.

Context

This is an article that brings subsidies, historical data and relevant information to help understand a fact or news.

special

An exciting report that details the various aspects and developments of this topic. It brings data, statistics, historical context, as well as stories of characters that are affected by or directly related to the topic in question.

Interview

A subject-specific approach in which the subject is presented in a question and answer format. Another way to publish interviews is through threads, where the interviewee’s answer is reproduced in quotation marks.

Criticism

A text with detailed analysis and opinions on products, services and works of art in a wide variety of fields such as literature, music, film and visual arts.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Published

1 year ago

December 19, 2022

Herb Adkins

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.