ALBANY — Gov. Cuomo stepped in to stop New York City from holding its annual lien auction Friday, moments after Mayor de Blasio said the sale would go on as planned later in the month.
The auction, in which private companies buy up tax debt, was rescheduled from the spring due to the coronavirus pandemic.
“COVID-19 has hit the pocketbooks of New Yorkers hard, and we’re doing whatever we can to give New Yorkers some relief,” de Blasio said. “Postponing the lien sale will allow New Yorkers more time to work with the City on their best path forward.”
As de Blasio announced the event was again being moved, this time to Sept. 25, the governor signed off on an executive order undercutting the city’s move.