NEW YORK, NY – In a new audit, New York City Comptroller Brad Lander found that the Department of Finance (DOF) improperly granted Co-op/Condo Tax Abatements to 720 units between Fiscal Years (FY) 2019–2024, costing the City at least $6,465,892 in lost tax revenue. “The Co-op/Condo Abatement is meant to help people who live and work in New York City achieve the elusive dream of homeownership, not to pad the profits of businesses,” said Comptroller Brad Lander. “While the vast...
New York, NY – Today, New York City Comptroller Brad Lander announced support for a policy that would cease future investments by New York City public pension funds in midstream and downstream fossil fuel infrastructure. The proposal builds upon the leadership taken previously by Comptroller Lander and the trustees of the New York City Employees’ Retirement System (NYCERS), Teachers’ Retirement System (TRS), and Board of Education Retirement System (BERS) to decarbonize the funds’ holdings through strong action consistent with fiduciary...
NEW YORK, NY – As the New York City Council holds its two-day public meeting on the Department of City Planning’s City of Yes: Zoning for Housing Opportunity citywide zoning reform proposals, New York City Comptroller Brad Lander issued the following statement: “I support the City of Yes for Housing Opportunity zoning reform proposal, which is common sense policy that would allow a little more housing to be built in every neighborhood. Increasing the city’s housing supply is essential in...
New York, NY — As part of Disability Employment Awareness Month, New York City Comptroller Brad Lander proudly announced the Office of the Comptroller’s official co-sponsorship of the 2024 Disability Pride NYC Parade ahead of the annual event this past Sunday, October 20. The Disability Pride NYC Parade highlights the contributions, resilience, and ongoing challenges faced by New York City’s disability community, and serves as a platform to promote inclusivity and disability equity. “As co-sponsors of this year’s Disability Pride...