In June, Mayor Bill de Blasio and City Council Speaker Melissa Mark-Viverito reached a balanced budget deal totaling $78.5 billion for Fiscal Year 2016. The budget does not include any tax increases for homeowners or small business owners. Meanwhile, New York State legislators did not approve de Blasio’s proposed "mansion tax" as a part of the new 421-a housing agreement. To read the full "In the City Update" including updates on affordable housing, Hurricane Sandy actions and the New York City rent freeze, click here.

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