Now that the city’s finances are in better shape, Councilman James Vacca thinks homeowners deserve a monetary boost, too.

Mr. Vacca and Councilman Mark Treyger are set to introduce a resolution today asking the state legislature to allow the city to offer a $500 property tax rebate to New York City homeowners, much like the popular $400 annual rebates that ended with the city’s budget crunch in 2009. 437 more words