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New York City Posts $1.4B Loss in Tax Revenue

REBNY’s key economic indicators have been sobering: New York City and state lost $1.4 billion in tax revenue due to significant declines in real estate market activity brought about by COVID and the downturn.  
Reprinted with permission from the Fri, 18 Dec 2020 09:02:05 -0500 online edition of GlobeSt © 2021 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited, contact 877-256-2472 or reprints@alm.com.