he New York City (the City) Department of Finance (DOF) is responsible for administering the City’s tax and revenue laws. For Fiscal Year 2018, it reported collecting approximately $39 billion in revenue and valued more than one million properties worth a total market value of more than $1 trillion
In order to ensure the City’s physical and fiscal well-being against future weather events and mounting risk
posed by climate change, this report suggests that the City make investments to protect property from the future effects of climate change.