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    Comptroller Audit Finds $10 Million Wrongly Given In Tax Abatements

    Comptroller Audit  •  Citywide
    NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

    NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

    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, and cabanas between fiscal years 2013 and 2016.

    (read more…)

    Tags : City Comptroller Scott Stringer, co-op, condo, Department of Finance, New York City Property Tax
    Date:02/03/2016
    Category : Comptroller's Office
    (1) Comment

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