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.
DCA, Consulate General of Mexico, and Citi released a report on the first year of the Ventanilla de Asesoría Financiera (Financial Empowerment Window), outlining the program's origin, design, implementation, successes, challenges, and lessons learned.
On Local Law 89 of 2019 amended Section 9-148 of the Administrative Code of
the City of New York to eliminate the uniform administrative fee for payments of bail unless the
chief administrator of the courts requires a party making a payment of bail to pay a reasonable
Sixth annual report of the Office of the Taxpayer Advocate (OTA), an office established in 2015 within the Department of Finance (DOF) to assist customers and recommend improvements to the agency’s policies and procedures.
This Finance Memorandum generally explains the impact of these federal changes, as well as related changes enacted in the 2018-19 New York State budget, on taxpayers that are subject to the Business Corporation Tax.
In this latest report we outline the scale of the student loan debt problem; highlight findings from our previous student loan reports; summarize testimony from the hearing; and offer policy recommendations.
The Report’s findings show that although New Yorkers’ delinquency and default rates are slightly lower than the national average, certain NYC neighborhoods are experiencing significantly higher rates of delinquency and default despite the fact that their residents have low average loan balances.
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.