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.
One year ago, our administration released “Rebuild, Renew, Reinvent,” our blueprint for an equitable, inclusive economic recovery for New York City. And every day since, we have been laser-focused on getting New Yorkers back to work.
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 2022 (June 1, 2021 – May 31, 2022) returns and CRT collections data from Department of Finance records.
In this report, tax receipts, with the exception of personal income tax, are gross of refunds. Real property tax and personal income tax are gross of debt service funding.
DOF is amending the rules for the SCRIE and DRIE Programs.
These amendments to Chapter 52 were first proposed and published on September 23, 2022. A public hearing was held on October 25, 2022. After receiving and reviewing public comments, DOF has adopted this final rule.
This report, mandated by the New York City Charter, identifies and describes tax expenditure programs related to taxes administered by the City and provides tax expenditure estimates based on available data.
Executive Order No. 26, dated February 14, 2023, is being submitted to establish and implement procedures to secure meaningful M/WBE participation to make NYC more equitable and inclusive business environment for all vendors, including M/WBEs to operate.
Local Law 4 of 2006 requires the New York City Department of Finance (DOF) to report annually to the New
York City Council on the sale of tax liens during the preceding year. This report summarizes tax lien sale
activity for calendar year 2021.
“While we are reviewing the details of the Governor Hochul’s budget proposal, it is clear that there are many victories worth celebrating, particularly in the areas of serious mental illnesses, addressing our housing crisis, and strengthening the entire ecosystem of public safety."
New York City Mayor Eric Adams and New York City Department of Environmental Protection (DEP) Commissioner Rohit T. Aggarwala launches a temporary water bill amnesty program to help New Yorkers save up to $150 million of interest when they pay their overdue water bills.