WALL STREET JOURNAL --De Blasio Repeats Property Tax Pledge

New York City's Mayor Won't Recommend Increase in Rate

New York City Mayor Bill de Blasio won't recommend any increase to New York City's property-tax rate when he releases his fiscal 2015 budget proposal next week.

Mr. de Blasio discussed his intention on Tuesday, following through on a promise he made during his campaign last year.

"We have no plans for a property tax increase," Mr. de Blasio told reporters at City Hall of his first budget proposal; the fiscal year starts July 1.

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