While 421-a Affordable New York has expired, talks on the future of the city’s largest tax expenditure continue. IBO examined how many affordable units it created since its start through June 2021, what incomes they serve, and how many received other subsidies.
Project description required to be submitted to the speaker where the project receives financial assistance but the project is not required to be submitted for consideration to a Community Board, Borough Board or the City Council
Project description required to be submitted to the speaker where the project receives financial assistance but the project is not required to be submitted for consideration to a Community Board, Borough Board or the City Council
Without action from state lawmakers last week, the 421-a tax exemption will expire on June 15, 2022. However, even if the program is not renewed in a future session, it will continue to cost the city property tax revenue for years to come.
The Mayor’s Executive Budget for FY 2023 restored some funding for the city’s organics recycling program, which suffered cuts in the Mayor’s previous budget proposal. However, none of the reinstated funding is for the expansion of the city’s curbside collection program.
EXECUTIVE BUDGET FOCUS: Mayor Adams has made investing in public safety a top priority of his early administration. IBO examines what programs under this umbrella have received increases in funding in the Mayor’s first two budget proposals, as well as other programs that have not.
Brief on how the New York City Board of Correction (BOC), the City’s independent oversight agency, adapted its oversight model to the COVID-19 public health crisis.
Project description required to be submitted to the speaker where the project receives financial assistance but the project is not required to be submitted for consideration to a Community Board, Borough Board or the City Council
New York State has proposed a plan to develop 10 new, mixed-use towers around Penn Station & to use the property tax revenue generated to finance the reconstruction & possible expansion of the country’s busiest train station. We examine what is included in the state’s plan & the fiscal implications
As required by New York City Administrative Code, Title 25, Section 318, report containing the April 2022 Staff Level Reports of the Landmarks Preservation Commission