NEW YORK (WCBS 880) – As Gov. Andrew Cuomo announces tax cuts for many people in New York State, there are reports that Mayor Michael Bloomberg is looking to raise property taxes in New York City to fill a budget hole that would result in deep cuts at city agencies.

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“I think I speak for the vast majority of the City Council members that we are not interested and will not consider raising property taxes as a way to balance this year’s budget or next year’s budget,” reacted speaker Christine Quinn on Tuesday.

Quinn says property tax payers are already doing more than their share.

“I simply will not entertain any proposal to raise property taxes even further,” she said.

The mayor’s press office denies a property tax hike is under consideration.

Do you think it would be fair to raise city property taxes to fill a hole in the city budget? Sound off in the comments section below!

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