"Coney Island and Brighton Beach have undergone robust economic growth led by rapid job and business creation over the last decade," DiNapoli said in a statement.
"Millions visit and have fun there every year, but for the people who live and work in the area, its strong economic growth is tempered by poverty rates and housing cost burdens which remain high."
"Tax revenue from tourism in the community must support the rest of us who live here 12 months a year and not just when the weather is warm," said City Councilmember Justin Brannan.
In 2022, more than 61% of renters in the area were considered housing cost-burdened, highlighting the disparity between the area's economic growth and the affordability challenges faced by residents.
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