PRELIMINARY BUDGET FOCUS: A new brief focusing on our latest estimates for tax revenues based on our recent economic forecast and the Mayor’s Preliminary Budget and financial plan through 2025.
IBO has looked at assessment appeals brought to the Tax Commission over the years 2013-2017 and summarized the results by number of appeals, property tax reductions, property types, and the borough where the properties are located.
This report highlights OTA’s work from January 1, 2022, through December 31, 2022. Since its establishment, OTA has assisted thousands of taxpayers with questions and contributed to the delivery of excellent customer service.
Testimony of Alaina Turnquist, Lead Budget and Policy Analyst New York City Independent Budget Office To the New York City Council Committees on Finance and Oversight and Investigation On IBO’s Research and Fiscal Projections for NYC Legal Cannabis Market.
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.
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.