In his budget report on Thursday, he said he would like to make the rebate, which will amount to $400, an annual occurrence.
But since he proposed spending $250 million to give a $400 property tax rebate to homeowners, the mayor has also sought to characterize the city's finances as improving enough to make the rebate fiscally responsible.
Saying she recognized that New Jersey residents, who pay the highest per capita property taxes in the nation, needed tax relief now, the Governor added that the state's strong economy and the brisk pace of revenue collection in the fiscal year ended June 30 made the rebates possible.
What makes the rebates on anemia drugs different (J&J pays them, too) is that they go into doctors' pockets.
Proponents of making the rebate exempt from Iowa taxes say they are simply trying to get more money to consumers, the sort of economic stimulus envisioned by supporters of the tax rebates.
In unveiling his executive budget plan yesterday, the mayor made the rebate a centerpiece, which no doubt appeals to the hundreds of thousands of New Yorkers who own houses, co-ops and condos.
He has yet to provide details of how he now proposes to lower rates but has called for speeding up the delivery of rebate checks, and for making the rebate a tax deduction, effectively doing away with the rebate process altogether.
The MWD should revisit the rules on a regular basis to make sure the rebates aren't overly generous and that they include reasonable caps to help stretch the cash-for-grass funding.
When other traders wanted to take the other side of those orders, they would pay Island, and Island would make the difference between the rebate and the payment it received.
