Oppose new taxes on our industry

Reduce Government Spending; No New Taxes!

The Governor's Executive Budget calls for the extension of the Mortgage Recording Tax (MRT) to the filing of financing documents for cooperative apartments. This new tax would be damaging to our industry, especially during these difficult economic times and a soft housing market. It is imperative that our elected officials, in Albany and in the city, balance their respective budgets by reducing government spending and not by adding new taxes to our industry.