New Yorkers Are Now Footing Con Ed’s Property Tax Bill Thanks to NYC’s Dysfunctional System
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Consolidated Edison customers are about to get some shocking news about their electricity service: A huge part of their bill, 21% of the delivery charge for the average customer, is paying ConEd’s property taxes.
And Mayor Mamdani doesn’t want you to know that.
The city’s unique and highly dysfunctional property-tax system has for decades allowed mayors and the City Council to shift taxes onto its utility systems, Con Ed being the biggest.
Con Ed’s property tax bill for its electric system jumped from $1 billion in 2015 to more than $2.1 billion last year, all with Albany’s blessing.
Continue reading the entire piece here at The New York Post
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Ken Girardin is a fellow at the Manhattan Institute.