With two days until the city is slated to approve a fresh batch of more than $500 million in tax-free bonds to finish the Yankees and Mets’ new stadiums, the city’s Independent Budget Office has released numbers calculating subsidy, adding a bit of clarity to a somewhat murky debate.
Between the new Yankee Read More
The city’s Independent Budget Office is predicting city tax revenues from real estate sales will drop by almost one-third this fiscal year (July ’07 to June ’08). Real property transfer tax and the mortgage recording tax provide a barometer of the health of the real estate market—the city saw an all-time high $3.3 billion Read More
The Center for New York City Affairs and the NYC Independent Budget Office hold a panel discussion on the City’s property tax system at the New School.
Council Member Mike McMahon announces funding for City Harvest to provide produce to residents at the Stapleton Houses in Staten Island.
The New York City Board of Read More