Government briefs: Taxpayer tab for 421a comes to $1.4B, theater owners asked to cough up more for air rights … & more

From the October issue: New York City is projected to forgo $1.4 billion in tax revenue for fiscal year 2017 as a result of the now-defunct 421a tax exemption, which continues to apply to projects that qualified for the program prior to its expiration at the end of 2015. [more]