Comptroller Audit Reveals the Improper Classification of Queens Properties

The audit report finds that the Department of Finance’s incorrect classification of Queens properties as mixed-use properties resulted in lost revenue for the City. On June 10, 2016, the Office of the City Comptroller Scott Stringer released a report of an audit conducted by the Department of Finance. The audit sought to determine whether the Department of Finance used procedures to ensure that properties classified as mixed-use in Queens had been properly classified.


Comptroller Audit Finds $10 Million Wrongly Given In Tax Abatements

Audit determined the Department of Finance improperly gave abatements to condos and co-ops owned by corporations over a four-year period.  On January 28, 2016 the Office of the City Comptroller Scott Stringer released a report of an audit conducted of the Department of Finance.  In the final report, the Comptroller’s Office found the Department of Finance wrongly gave out over $10 million worth of property tax abatements to corporate-owned condominums, co-ops, indoor parking spaces, … <Read More>