From an audit conducted on the Department of Finance (DOF), it was found that the DOF needs to improve its procedures to ensure that lots are properly classified and appropriate taxes are being paid. Properties are misidentified and misclassified, which may affect the market value of the site. Recommendations have been made to address these issues.
This report summarizes the City's fiscal state and standing going into Fiscal Years 2014-2018. The City's economy is projected to grow, facilitating a strengthening in the City's budgetary outlook. The Preliminary Fiscal Year 2015 budget is balanced, though there are risks of funding gaps. However, the City's economy and finances continue to improve, and the economic forecasts for future years remain bright.
The 2013 Annual Report contains information about the Tax Commission and its mission, functions, operations and resources, an overview of the agency's performance, and statistical profiles of its formal actions, during calendar year 2013. It also contains a statement of its accomplishments and improvements and a summary of plans for 2014.
This report identifies and describes tax expenditure programs related to taxes administered by the City and provides tax expenditure estimates based on available data. The City administers approximately
60 real property, business income, and excise tax expenditure programs.
2013 Legislative Report details recently enacted State and local legislation that affects New York City's tax system and the New York City Department of Finance.
This Notice of Adoption by the Department of Finance shows the adopted amendments to the rules relating to parking violations concerning the Fleet Program.