Independent Budget Office

IBO has published a new explainer on how the City sets its #PropertyTax rates.

In the recently published #PrelimBudget NYC Mayor Mamdani assumes a 9.5% increase in the citywide average property tax rate. How does this work?

Read the explainer here: on.nyc.gov/3NvTrXN

Yesterday we published our detailed, independent analysis of @NYCBudget #PrelimBudget. Read the 3 documents below:

📌A Budget Chartbook: bit.ly/4hW00No
📌A report on #EconomicForecasting: bit.ly/4kgQ3f0
📌 Breakdown of #CitySpending: bit.ly/3QAEdyC