independent budget office

A new study claims the $5.3 billion deal for Stuyvesant Town in 2015 isn’t all it’s cracked up to be. The city’s Independent Budget...

In the past 11 years, the city “wasted” at least $2.5 billion through the 421a tax abatement program, a new report charges.

Life at the top of the totem pole in New York City keeps getting more lucrative. The number of city taxpayers earning $1 million or...

UPDATED, Feb. 12, 12:30 p.m.: The 421a tax abatement program remains in limbo, and its future hinges on one crucial question: should City Hall...

In neighborhoods like Greenwich Village or the Upper East Side, rent regulation is the only thing keeping low-income families from getting swept out by...

Developers will save $3.3 billion in taxes over 10 years — including an estimated $2 billion on high-end sales — under New York City’s...

An extension of the 421a tax abatement program — rather than the adoption of reforms proposed by Mayor Bill de Blasio — could cost...

Mayor Bill de Blasio’s proposed mansion tax could influence home sellers to keep their prices under $1.75 million for fear of discouraging buyers with...

A new report by the Independent Budget Office says that Mayor Bill de Blasio’s plan to create a $1.6 billion fund for neighborhood and...

Roughly 24 percent of all New York City apartments are either investment properties rented to tenants or pieds-à-terre, according to data from the city’s...

A new report suggests that New York’s tax burden is not heavy enough to make the wealthy flee the city and state just yet.

The city’s focus on issuing liens to get owners to pony up cash for outstanding taxes, water, sewer bills and repair work has proven more...

Two new Independent Budget Office proposals are taking aim at wealthy foreign owners of condominiums and co-ops within the five boroughs, contending that the...

Stephen Ross’ the Related Companies got a $328 million tax break from the city for the construction of an office tower and a mall...

Stephen Ross’ the Related Companies is looking to get a whopping $328 million in tax breaks from the Bloomberg administration for an office tower...

Manhattan residents — especially those living in tony neighborhoods off Central Park — benefit disproportionately from an expired state tax break for condo and...

Mayor Michael Bloomberg’s New Housing Marketplace Plan — the 10-year program aimed at creating and preserving 165,000 units of affordable housing by 2014 —...

Mayor Michael Bloomberg’s efforts to revise the long-standing tax abatement afforded to condominium and co-op owners in the city is meeting fierce resistance in...