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Audit Report on the Administration of the Payments in Lieu of Taxes Program under the New York City Department of Finance - July 1, 2006 to December 31, 2009

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From an audit conducted on the Department of Finance, it was found that the Department did not place expired payments in lieu of taxes back onto the city's tax rolls in a timely manner. There was a failure to collect sufficient real property taxes and there is insufficient documentation, and the Department must work to ensure that it fixes its weaknesses.

Agency
Subject
Report type
  • Audit Report
Date published
  • 2011-02-07