Through government ownership of land in Brooklyn’s Gowanus and Staten Island’s North Shore, the mayor and governor provide financial relief to developers despite 421-a program’s expiration.
Taxes
Posted inMTA
Is Congestion Pricing All Pain, No Gain for Motorists?
Expert observers and former transit officials say the MTA and the city are using too many “sticks” and not enough “carrots” in their rollout of the pioneering tolling system set to launch next year.
Posted inBudget
State and City Budgets Gamble on More Gains for the Very Richest
Now that public budgets have been settled, it’s clear they rest on risky assumptions for following years.
Posted inEconomy
The Economy Is Recovering. New York City’s Office Market Is Not.
Remote work, a possible recession and higher interest rates spell big trouble for office buildings and tax revenue. One bright spot emerges.
Posted inState Budget
State Budget’s Biggest Winner May Be Mayor Eric Adams
Gov. Kathy Hochul outlines a $229 billion spending plan that leaves many questions unanswered — but helps New York City, from NYCHA to the MTA.
Posted inEconomy
Surprise: Wall Street Bonuses Weather Economic Storm
Despite headlines of layoffs and plummeting profits, $33.7 billion given out in 2022 bonuses reflects a modest decline and growing workforce.
Posted inState Legislature
Motorists Say E-ZPass Routinely Racks Up Unfair Fees for Unpaid Tolls
Proponents of a state bill already killed three times are still trying to pass measures to shield drivers from surprise fees and collection agency harassment.
Posted inHow to New York
How to File Your Taxes for Free in New York City
The deadline for filing your 2022 tax returns is April 18. Here’s what you need to know about how to get help — for free — with the paperwork.
Posted inBudget
Yankee Stadium Parking Company Payments Owed to City Climb to $162M
A Bronx parking deal on city-owned land since 2010 has failed to yield city taxpayers a single dime, while the bill owed continues to grow — by $17 million in 2021 alone.
Posted inEconomy
Escape From New York? City Tax Data Shows 2020 Drop in High Earners
Independent Budget Office finds 10% fewer tax filers earned above $750K in the pandemic’s first year.