The objective of the audit was to determine whether JCDecaux accurately reported its advertising revenue to the City and remitted timely payments, both monetary and in non-monetary “alternative compensation,” due to the City as stipulated in the agreement.
New York City’s current property tax system is notoriously opaque, unfair, and regressive. For the past four decades, rather than dealing with its structural flaws, New York State has layered on a patchwork of exemptions and abatements to lower tax rates for various owners.
A report which highlights current economic conditions pertinent to New York City. The report focuses on the state of the U.S. Economy, financial markets, inflation, New York City labor markets and commercial and residential real estate. (December 2021)