New study says city exaggerated benefits of 2015 Stuy Town deal
A new study claims the $5.3 billion deal for Stuyvesant Town in 2015 isn’t all it’s cracked up to...
independent budget office
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City wasted $2.5B in tax expenditures through 421a: IBO
In the past 11 years, the city “wasted” at least $2.5 billion through the 421a tax abatement program, a...
The wealthiest New Yorkers are making more than ever: report
Life at the top of the totem pole in New York City keeps getting more lucrative. The number of...
In 421a prevailing wage dispute, the real numbers are murky
UPDATED, Feb. 12, 12:30 p.m.: The 421a tax abatement program remains in limbo, and its future hinges on one...
Here are the nabes where rent regulation is most needed
In neighborhoods like Greenwich Village or the Upper East Side, rent regulation is the only thing keeping low-income families...
Revised 421a to save developers $3.3B over 10 years
Developers will save $3.3 billion in taxes over 10 years — including an estimated $2 billion on high-end sales...
421a extension could cost city 1,300 affordable units
An extension of the 421a tax abatement program — rather than the adoption of reforms proposed by Mayor Bill...
Mansion tax could keep home prices under $1.75M
Mayor Bill de Blasio’s proposed mansion tax could influence home sellers to keep their prices under $1.75 million for...
Report questions de Blasio’s $1.6B neighborhood fund
A new report by the Independent Budget Office says that Mayor Bill de Blasio’s plan to create a $1.6...
Nearly one-quarter of NYC apartments are non-primary homes
Roughly 24 percent of all New York City apartments are either investment properties rented to tenants or pieds-à-terre, according...
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