This supplement provides further information to accompany Inside the Budget No. 157, which summarized the effects of Mayor Michael Bloomberg's plan to reduce homelessness in the city. This report lists the amount of homelessness prevention spending that is provided by agencies and programs. These agencies and programs include the Human Resources Administration, the Department of Homeless Services, the Administration for Children's Services, and legal assistance contracts.
Web text supplement - Delays and disagreements over planning and financing the redevelopment of the World Trade Center site, as well as a weak market for
downtown office space, marked much of the first half decade following 9/11.
This report, the fifth and final report in the Supervitamin series, describes DCA's efforts to integrate asset building strategies, in particular short-term savings opportunities, in public programs to help households take a crucial step toward their long-term savings goals.
This Statement of Audit Procedure concerns the computation of the business allocation percentage for corporations that are subject to the City's General Corporation Tax and engaged in the business of broadcasting films and television programs. #GCT-2014-01
This Office of Management and Budget document analyzes the state of the City's debt affordability. Schedule A shows the City's debt-incurring power. Schedule B presents the sources of financing for the City's four-year capital rogram. Schedule C specifies amounts of debt service payable on City General Obligation bonds and TFA bonds, amounts expected to be outstanding in each of the financial plan years, and various debt service and debt ratios as required by the Act. Schedule C provides a framework for assessing the affordability to the City of the debt to be issued and described on Schedule B.
The Mayor submitted a modification to the Fiscal Year 2009 Budget and Four-Year Financial Plan, which laid out a plan for the compensation for the declining revenues in Fiscal Year 2009. This document contains many graphs and tables depicting the City's economy and the Financial Plan estimates.
New York City is required to adopt a balanced budget at the beginning of each fiscal year. In addition, the City is required to present a financial plan for the subsequent
three fiscal years. It is commonplace for the outyears of the Financial Plan to be out of balance until such point at which the City Charter mandates that they be brought into
balance.
This report explains the features that contribute to the stability of the property tax system. It shows how caps on growth in assessed value can lead to higher assessed values and how assessments move through the pipeline and how the pipieline grew through 2008, the year of the downturn.
In accordance with the requirements of the New York State Municipal Assistance Corporation Act and the New York State Financial Emergency Act, the City of New York is required to submit monthly financial reports.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
This Second Follow-up Audit Report on the Data Processing Controls and Procedures of the Department of Homeless Services determines whether the New York City Department of Homeless Services (DHS) implemented the 12 recommendations made in the previous follow-up audit of data processing controls. This audit also assessed DHS compliance with the comptroller's internal control and accountability, Guidelines for the Management, Protection and Control of Agency Information and Information Processing Systems (Directive 18).
A second follow-up report was held to see whether the Administration for Children's Services had implemented the 14 recommendations in a previous audit. Each recommendation and its status are listed in full detail.
An audit report was filed on May 29, 2009 on the financial and operating practices of the Bronx County Public Administrator's Office. The audit determined whether the Office of the Bronx County Public Administrator (Bronx PA) complied with all applicable federal, State, and city laws, rules, and regulations regarding these practices. It was determined that the Bronx PA did not adequately comply with all applicable rules and guidelines. Many inconsistencies and inadequacies of controls were identified, creating an increased risk that decedents' estates are not being properly monitored and that funds are not being adequately safeguarded and distributed. Recommendations were made to rectify these issues.
An audit report was filed on May 3, 2012 on the Department of Housing Preservation and Development's (HPD's) performance indicators as reported in the mayor's management report. It was determined that HPD's controls were adequate to ensure that its performance indicators are sufficiently accurate and reliable. However, there were minor control weaknesses with HPD's programs that did not guarantee the accuracy and reliability of its information. In addition, there were some weaknesses with information distribution and integrity. Recommendations were made to rectify these issues.
This study provides a statistical snapshot of the current state of affordable housing in New York City. The main study data were drawn from the 2011 New York City Housing and Vacancy Survey and the 2010 U.S. Census.
This report details the fiscal impacts of the legalization of marijuana on New York City. It was found that the City will benefit from the legalization of marijuana if the production and sale of it was regulated and taxed.
February 2011 Financial Plan, Fiscal Years 2011-2015 Publications (Capital and Expense) - The register of Community Board Budget Requests for the Preliminary Budget
lists community board requests and reports agency funding recommendations for each request in the departmental estimates.
Mayor Michael Bloomberg presented his Executive Budget for 2013 and four-year Financial Plan through 2016. This fiscal brief describes the taxes and economical situation of New York City.
From an analysis conducted on Mayor Bloomberg's Executive Budget for 2014 and Financial Plan through 2017 for the City, it is projected that the city will end each fiscal year with a surplus. However, the city still faces fiscal issues, with federal funds being cutback and new contracts for employees being developed, which may have a negative impact on the city's expenses.
Sale of two cooperative apartments that had been used as a single residential dwelling for over 40 years, and that the purchasers, with board approval using a proposal obtained from an architect, intend to physically combine, should be treated as the sale of a single cooperative apartment subject to the lower tax rate schedule under Code section 11-2102(b)(1)(B)(i). #16-4977 6/9/16
Sale of a one family home with one office, categorized as tax Class 1 to reflect that the Property is used primarily for residential purposes, and having a building Code S1 (primarily 1 family with 1 store or office) consistent with the tax classification is taxed at a reduced rate of 1.425 percent when calculating the RPTT due upon the conveyance of the Property. In the absence of information suggesting the Department's classification of the Property as Class 1 is incorrect, that classification is controlling for RPTT purposes. #15-4975 5/13/16
Sale of real property by an LLC wholly-owned by an entity exempt from the Real Property Transfer Tax Code section 11-2016(b)(2), whose sole purpose is to own and hold the real property for the exempt entity, and whose members must act as the exempt entity directs, should be exempt from Real Property Transfer Tax. Similarly, transfer of real property to an LLC wholly-owned by an entity exempt from the Real Property Transfer Tax Code section 11-2016(b)(2), whose sole purpose is to own and hold the real property for the exempt entity, and whose members must act as the exempt entity directs, should be exempt from Real Property Transfer Tax. #15-4974 5/23/16
The transfer of two adjacent condominium units that had been physically combined and used as a single apartment for over 50 years, in a single transaction, is treated as the sale of an individual residential condominium unit even though permits for the combination were never filed with the Department of Buildings. #15-4973 9/24/15
Sale of two cooperative apartment unit physically connected through an internal hallway and used as a single apartment unit for over four decades treated as the sale of an individual cooperative apartment subject to the lower rate schedule Code section 11-2102(b)(1)(B)(i) exempt from Real Property Transfer Tax. #15-4970 10/16/15
The transaction involving the transfer of Air Rights should be viewed in its entirety for purposes of the RPTT. The quit claim deeds are not part of a separate transaction but merely a mechanism to confirm and record that the Purchaser owns the portion of the building housing the residential condominium units and the Seller owns the commercial condominium unit and do not result in a change in beneficial ownership. The consideration for the transfer of the Air Rights is $15,230,000 plus the value of the commercial unit constructed by the Purchaser for the Seller less the $500,000 that the Seller contributed towards the construction. #15-4967 11/13/15
Sale of a single condominium apartment unit along with one or more noncontiguous studio units, the ownership and use of which is substantially restricted under the condominium's by-laws, should be treated as the sale of an individual condominium apartment subject to the lower tax rate schedule for Real Property Transfer Tax provided in Code section 11-2102(a)(9)(i). #14-4965 6/15/15
Sale of a single condominium apartment unit along with one or more noncontiguous suite units, the ownership and use of which is substantially restricted under the condominium's by-laws, should be treated as the sale of an individual condominium apartment subject to the lower tax rate schedule for Real Property Transfer Tax provided in Administrative Code section 11-2102(a)(9)(i). #14-4963 6/15/15
S corporation which underwent a federal tax exempt reorganization under IRC section 368(1)(a)(F) (an F Reorganization) should file its General Corporation Tax return for the entire tax year covering both the period before and after the F Reorganization. No short period returns should be filed. In the F Reorganization , the shareholders of the old subchapter S corporation contributed their shares in the old corporation to a new subchapter S corporation with the old subchapter S corporation becoming a qualified subchapter S subsidiary (a Q-Sub) of the new subchapter S corporation; the Q-Sub then merged into an LLC wholly owned by the new subchapter S corporation and disregarded for tax purposes, with that LLC being the surviving entity. Hence, before the F reorganization, the old subchapter S corporation owned its assets directly; after the F reorganization, the new subchapter S corporation wholly owned an LLC which in turn owned the old subchapter S corporation's assets. #15-4966 6/3/15
In accordance with the responsibilities of the Comptroller contained in Chapter 5, section 93 of the NYC Charter, the office has audited the conditions under which animals are sheltered by Animal Care and Control
of YC and the level and success of AC&C's efforts to promote the adoptions of animals from its shelters.
This report includes descriptions and data on the flow of cash in New York City for the April to June quarter of fiscal year 2006. Included are the City's revenues, expenditures, savings, and spending regarding the cash that it uses.
This quarterly cash report covers October-December 2007, second quarter of fiscal year 2008. Included in this report are cash balances in revenue and expenditures for the quarter. Also included are information and comparative analyses between spendings in this quarter and in previous fiscal periods.
This quarterly cash report covers July-September 2007, first quarter of fiscal year 2008. Included in this report are cash balances in revenue and expenditures for the quarter. Also included are information and comparative analyses between spendings in this quarter and in previous fiscal periods.