“Good afternoon Chairman DeFrancisco, Chairman Farrell, and members of the Finance and Ways and Means Committees. I am Melissa Mark-Viverito, and I am the Speaker of the New York City Council where I also represent East Harlem and the Bronx.
“Governor Cuomo’s Executive Budget for State Fiscal Year 2014-2015 contains several elements that we at the New York City Council welcome, such as the renter’s tax credit – something that is sorely needed in New York City, where 70% of residents are renters and half of them pay more than one-third of their income in rent.
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