The city Independent Budget Office just released a report [pdf] on the city’s economic health which says that the mayor’s warnings about a projected 2008 budget gap of $3.8 billion “appear premature” thanks to “better-than-expected tax revenues.”
“Based largely on the on IBO’s latest tax revenue estimates, the city’s short-term fiscal picture Read More
Quinn’s proposed exclusion zone is outlined in green.
Bruce Ratner’s so-called friends are about to cost him tens of millions of dollars in lost tax breaks because of a bill pending in the City Council.
The stormy debate over the 421-a multifamily housing tax incentive still has a few days to Read More
Neil deMause has more details on yesterday’s Yankees-Mets hearing, including the explanation from the Parks Department’s Josh Laird that the reason the city’s contribution for the Yankees has increased was due to “overall inflation in construction costs.”
It would be one thing if the city was paying to Read More
Real-estate developers love Michael Bloomberg. He’s one of them, after all: It was he who finally built a huge skyscraper in the languishing pit that for so many years was the former Alex-ander’s department-store site. His ambitions to host the 2012 Summer Olympics may have gone unrealized, but in the effort he made the West Read More