Property tax abatement for homeowners 65 years of age or older with annual household incomes of less than $32,400,

Resolution calling upon Governor George Pataki, the New York State Assembly and the New York State Senate to grant New York City the authority to provide a property tax abatement for homeowners 65 years of age or older with annual household incomes of less than $32,400 that would offset the recent property tax rate increase of 18.49 percent.