DOB 2012 revenue surges $51M above forecast

Boost comes from increases in fines, along with higher fees and more filings

TRD New York /
Sep.September 21, 2012 05:30 PM

The Department of Buildings took in $51 million more than it anticipated in fiscal year 2012, according to a city report released yesterday, as the agency stepped up enforcement, increased fees and saw a slight uptick in construction applications.

In budget discussions in March, the Bloomberg Administration estimated the profitable agency would take in $146.9 million in revenue. Instead, it took in $198.2 million, the highest in the agency’s history, and $33 million more than the previous record in fiscal year 2011, the city’s annual Mayor’s Management Report says. The city’s fiscal year ends June 30.

The DOB takes in far more than it spends, even as builders gripe that inspection delays can hold up projects.  The agency’s expenses were $95.8, in line with earlier estimates, the report says, giving the city a profit of $102.4 million.

The $33 million increase in revenue over 2011 was led by a $10 million jump in fines and penalties, a spokesperson for the DOB told The Real Deal. Revenue was also boosted $8 million through an increase in filing fees, $8.5 million through a slight increase in the number of permits and $7 million through an increase in construction materials, the spokesperson said.

The DOB reviews and approves construction plans for construction in the city, as well as enforces building codes with inspections and fines.

Louis Coletti, CEO of the Building Trades Employers’ Association, said contractors have been seeing an increase in penalties. “We have heard for a while that the Buildings Department has been very aggressive in enforcing the building code on construction projects,” he said.


Related Articles

arrow_forward_ios
(Credit: iStock)

Real estate industry decries anti-Semitic remarks recorded at DOB

Melania La Rocca

Buildings commissioner talks priorities in final de Blasio years

131-01 39th Avenue in Flushing (Credit: Google Maps)

Another megaproject coming to Flushing

Lead was found at four properties in Manhattan, three of which have since resolved the violations. (Credit: Getty Images)

City doing surprise lead inspections on older buildings

A rendering of  280 Meeker Avenue CW Realty Management CEO Cheskie Weisz (CW Realty Management)

CW Realty to bring mixed-use project to troubled Williamsburg site

 561 Greenwich Street (Credit: Google Maps)

Trinity Church to construct another Hudson Square office tower

Jerome Powell and New York City construction in October 2019 (Credit: Getty Images)

The Fed lowers rates, and once again real estate is loving it

The complaint claims that union officials discouraged him from investigating certain cases (Credit: iStock)

Whistleblower lawsuit accuses carpenters’ union of brushing off claims of corruption, fraud

arrow_forward_ios