New York City Independent Budget Office

Jars filled with marijuana leaves on display on March 31, 2021, in Midtown New York.
Leases
New York City

NYC’s Legal Weed Market Could Generate Up to $43M in Tax Revenue by 2027: Report

By Rebecca Baird-Remba
Brooklyn, New York
Development
New York City

Less Than 5 Percent of Rent-Stabilized Apartments Are Vacant Year to Year, Report Finds

By Rebecca Baird-Remba
Madison Square Garden.
Development
New York City

Madison Square Garden’s Permanent Tax Break Has Cost the City Almost $1B Since 1982

By Rebecca Baird-Remba
New York City office buildings.
Industry · More
New York City

Hybrid Work Costing NYC Businesses More Than $12B a Year, Report Finds

By Celia Young
Brookfield's planned project on the South Bronx waterfront will include 1,300 apartments, including 350 affordable ones. It's one example of a project receiving the Affordable New York 421a tax break.
Development
New York City

Majority of Housing Produced by 421a Served Higher Incomes, Report Finds

By Rebecca Baird-Remba
The city's Independent Budget Office predicts a "slow and fragile recovery" for New York City's economy over the next five years.
Development
New York City

‘Slow But Fragile Recovery’ Predicted for NYC Economy Post-COVID

By Rebecca Baird-Remba
property tax reform illustration cuomo
Development
New York City

NYC’s Property Tax Reforms Are Pitting Homeowners Against Renters

By Rebecca Baird-Remba
Seneca Meadows landfill.
Development
New York City

Trash Talk: A Look at NYC’s Landfill Problems

By Alex Appel