This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level.
The data sources for this report are taxpayers’ CRT tax year 2021 (June 1, 2020 – May 31, 2021) returns
and CRT collections data from Department of Finance records.
A plan and a timeline for revocation of benefits under section421-a of the real property tax law for each designated building for which such department received, during the reporting period and requirements from the department of housing preservation, chapter 15 and 16 of title 26 of the code.
Under Local Law 249 of 2017 and Local Law 216 of 2021, the Department of Finance (DOF) is required to notify property owners when real estate instruments are recorded on their properties. The law mandates that DOF provide an annual report to the council and publish the report on DOF's website.
Key initiatives and accomplishments undertook last fiscal year (2022) to advance DEI and EEO goals, for example, recognizing employee contributions to DEI goals through awards and employee appraisal, introducing new equity programs, training all staff on mandatory trainings or resource groups.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT tax year 2023 (June 1, 2022 – May 31, 2023) returns and CRT collections data from Department of Finance records.
This report is provided per the requirements of Local Law 14 of 2015 as amended by Local Law
4 of 2017. Its purpose is to describe the New York City Department of Finance’s (DOF) outreach
activities associated with the annual tax lien sale.
The Department of Finance is required to submit an annual report to the New York City Council
no later than May 1 detailing the activities of the Office of the Taxpayer Advocate during the
preceding year. This reports activity for calendar year 2020.
The New York City Rent Freeze Program is comprised of the Senior Citizen Rent Increase Exemption (SCRIE) and the Disability Rent Increase Exemption (DRIE). The program assists low-income seniors and people with disabilities.
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze program operations.
The Real Property Transfer Tax (RPTT) is imposed on the consideration for the following conveyances or transfers where the consideration exceeds $25,000.
The Senior Citizen Rent Increase Exemption (SCRIE) ombudsperson and Disability Rent Increase Exemption (DRIE) ombudsperson positions were created by the New York City Council in 2015 to investigate and address issues concerning the Rent Freeze Program.
Under Local Law 36 of 2023, the New York City Department of Finance (DOF) is required to
report information relating to property tax payment plans to the mayor and speaker of the city
council. Local Law 36 also created a new type of property tax payment plan that reduces the
interest rate.
Annual Report on Tax Expenditures/Listing of all exclusions, exemptions, abatements, credits etc. allowed against city tax liability for Fiscal Year 2024
This report highlights OTA’s work from January 1, 2023, through December 31, 2023. Since its
establishment, OTA has assisted thousands of taxpayers with questions and contributed to the
delivery of excellent customer service. In Part II of this report, OTA presents eight new
recommendations
Local Law 7 of 2018 requires HPD to evaluate certain sales of select rent-regulated multiple dwellings for potential inclusion on the Speculation Watch List.
This report, the first produced under a 2017 City Council law that turns to IBO to issue periodic reports on New York City economic development tax expenditures, looks at the efficiency and effectiveness of two programs: Commercial Revitalization & Commercial Expansion.
PRELIMINARY BUDGET FOCUS: Just hours before the Mayor released the 2022 Preliminary Budget he learned that the Federal Emergency Management Agency was increasing its reimbursement rate to the city for Covid-related costs. How much more can the city expect and what does this mean for city spending?
FISCAL HISTORY: We’ve updated our tables on New York City revenue, spending, and full-time staffing to include fiscal year 2020. The charts cover four decades of the city’s fiscal history.
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
IBO has compiled a descriptive overview of the financing deals and public subsidies for Madison Square Garden and the three most recently constructed major league sports stadiums within New York City: Yankee Stadium, Citi Field, and Barclays Center.
An investigation into Rita Copeland, former treasurer of the Tenant Association for 51-55 East 129th St., NYC, a building participating in NYC Department of Housing Preservation and Development (HPD) Tenant Interim Lease Program (TIL), stole over $50,000 from this building.
Findings from a DOI Investigation into the City Department of Environmental Control Board (ECB) summons enforcement and collection, which identified serious holes in the process that results in City losing out on much needed revenue.
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. (January 2019)
This document reflects the NYC Community Development Block Grant (CDBG) budget for CFY 2020. CDBG is a funding stream from the U.S. Department of Housing and Urban Development (HUD).
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. (August 2019)
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. (November 2019)
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. (September 2018)
This document reflects the NYC Community Development Block Grant (CDBG) budget for CFY 2021. CDBG is a funding stream from the U.S. Department of Housing and Urban Development (HUD).
This document reflects the NYC Community Development Block Grant (CDBG) budget for CFY 2022. CDBG is a funding stream from the U.S. Department of Housing and Urban Development (HUD).
This document reflects the NYC Community Development Block Grant (CDBG) budget for CFY 2023. CDBG is a funding stream from the U.S. Department of Housing and Urban Development (HUD).
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. (August 2020)
This Executive Order by the Mayor announces the power of the Mayor to be delegated to the Deputy Mayor for Finance and Economic Development in regards to the handling of Cable Television Franchises.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
Executive Order No. 17, dated May 16, 2022, as it relates to Chief Investment Advisor, whereas the City has five pension systems that offer defined benefit retirement plans to nearly 350,000 City employees and 320,000 retirees or their beneficiaries: the New York City Employees' Retirement System.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
Mayor de Blasio addressed the verdict the NY Court of Appeals made on the Water Board, stating that he was pleased that with their ruling hundreds of thousands of NYY families previously excluded from relief programs would be given aid.
Mayor de Blasio appeared in front of the senate finance committee to discuss the finances of the City and also testify to the negative effects the new tax law President Trump erected would have on New Yorkers.
Mayor de Blasio announced the appointment of Marianne Spraggins to the New York City Campaign Finance Board, an independent and non-partisan agency that administer campaign finance systems.
First Lady Chirlane McCray, Department for the Aging (DFTA) acting Commissioner Caryn Resnick, and Senior Advisor to the Mayor and head of the Office of ThriveNYC Susan Herman announced today a $1.7 million expansion of mental health services through the ThriveNYC DFTA Geriatric Mental Health Initia
For the first time since 2007, Moody’s Investors Service has upgraded the City of New York’s General Obligation Bond credit rating. The rating was upgraded from Aa2 to Aa1, their second highest rating and equivalent to New York State’s Aa1 rating.
“I welcome Comptroller Scott Stringer’s “hard look” at ThriveNYC. Experts in behavioral health and health policy professionals have recognized Thrive as the most comprehensive mental health plan of any city in the nation. There is far too little understanding out there about mental health conditions
“Working New Yorkers struggle every day to get around our city. We cannot let another year pass without action that makes people’s lives easier. This crisis runs deeper than ever before, and it’s now clear there is no way to address it without congestion pricing and other dedicated revenue streams.