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’s Office
Comptroller Releases Findings of Lost City Revenue in Audit of Department of Finance
The audit report reveals that the misclassification of 140 properties has deprived the City of $1.7 million annually in lost property tax revenue. On February 18, 2016, the Office of the NYC Comptroller publicized the results from its audit of the New York City Department of Finance. The audit sought to investigate whether the Department of Finance had implemented procedures that adequately safeguard against the misclassification of Brooklyn property sites. The Comptroller’s Office and DOF … <Read More>
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>
Comptroller Releases Report Critical of East New York Rezoning Plan
The report predicts that almost 50,000 residents of the affected Brooklyn neighborhoods would be priced out of neighborhood. On December 3, 2015, Comptroller Scott M. Stringer issued a report—Mandatory Inclusionary Housing and the East New York Rezoning: An Analysis—on the proposed East New York rezoning plan’s effect on housing affordability in the East New York and Cypress Hills neighborhoods of Brooklyn. The report claims while supply of housing units in the rezoned areas … <Read More>
Comptroller’s Audit of DOHMH’s Follow-up of Health Code Violations at Restaurants
Audit shows weaknesses in Health Department’s ability to regulate health code inspections at restaurants. On June 30, 2015, New York City Comptroller Scott Stringer released an audit report that examined how effectively the Department of Health and Mental Hygiene’s restaurant inspection program was working to resolve outstanding health code violations. The report examined the process by which DOHMH conducts its restaurant inspection program. The program consists of initial unannounced inspections where public health inspectors note … <Read More>
Community Benefit Agreements report released
Task force proposed a framework for negotiating future Community Benefit Agreements related to publicly assisted development projects. A Community Benefit Agreement (CBA) is a private agreement negotiated between developers and community groups in order to garner support for real estate development projects. In exchange for community support, a developer may agree to provide amenities, such as infrastructure improvements or wage guarantees which are not required by the City’s land use review process. Since 2005, … <Read More>