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  1. 5 days ago · New York, NY — New York City Comptroller Brad Lander released his office’s Fiscal Year 2025 Executive Budget Analysis and testified to the City Council on New York City’s economy and City finances today. Excerpts from Comptroller Lander’s testimony: “Stronger fiscal management is not contrary to deeper investment in programs that create opportunities...

  2. 5 days ago · The Mayor’s FY 2025 $111.62 billion Executive Budget reflects a modestly stronger fiscal position than the financial plan updates that preceded it this fiscal year. It includes a combined $2.33 billion increase in forecasted tax revenues for this year and next.

  3. May 17, 2024 · May 17, 2024. New York City is set to finance fewer affordable homes in the coming year, according to an analysis released this week, alarming politicians and housing advocates who worry...

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  5. May 17, 2024 · New York City Announces Anticipated Deviations from Recently Promulgated New York State Corporate Tax Regulations. The New York City Department of Finance (“Department”) has...

  6. 4 days ago · Anchored on Wall Street in the Financial District, New York City has been called both the leading financial center and the most economically powerful city of the world, and the New York Stock Exchange is the world's largest stock exchange by total market capitalization.

  7. The NYC transfer tax rate is between 1% and 1.425% depending on the sale price. In addition to the NYC transfer tax, you must also pay the New York State transfer tax, which is either 0.4% or 0.65% depending on the sale price. The combined transfer tax burden in NYC could result in a 1.4% to 2.075% tax in total.

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