Office buildings in New York City remain a critical contributor to its economy and tax base, as market values reached nearly $205 billion in fiscal year 2025, surpassing pre-pandemic levels. Higher market values on office buildings are being fueled by growth outside of traditional Midtown office districts, including Hudson Yards, Chelsea, Union Square, Soho, Downtown Brooklyn and Long Island City.
Office buildings in New York City remain a critical contributor to its economy and tax base, as market values reached nearly $205 billion in fiscal year (FY) 2025, surpassing pre-pandemic levels, according to a report released today by New York State Comptroller Thomas P. DiNapoli. These higher market values are being fueled by growth outside of traditional Midtown office districts, including Hudson Yards, Chelsea, Union Square, Soho, Downtown Brooklyn and Long Island City.
The New York State Department of Health (DOH) needs to do more to ensure maternal deaths and morbidity rates decline, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. While DOH has made progress to improve maternal health, federal and state health data shows pregnancy-related health conditions and death rates have increased since a taskforce was established in 2018 to address maternal health and racial disparities.
A former clerk-treasurer of the Village of Addison in Steuben County will be sentenced to serve three-to-nine years in state prison, pay full restitution of $1.1 million, and forfeit her public pension after being convicted of one felony count of Corrupting the Government, New York State Comptroller Thomas P. DiNapoli, Steuben County District Attorney Brooks Baker, and the New York State Police announced today.
Former Village of Addison Official Will Be Sentenced for Theft of More Than $1.1 Million
New York State Comptroller Thomas P. DiNapoli released the following statement today on the MTA's July financial plan:
“The Metropolitan Transportation Authority (MTA) has a duty to be clear with riders and toll payers on how the $15 billion hole in its 2020-2024 capital program will impact services. The presentation of the July plan makes clear that hundreds of millions of dollars in operational risks have been created by the funding hole, but we still do not yet know if or when critical capital upgrades and maintenance will happen.
Local government sales tax collections in New York State totaled $5.83 billion in the second calendar quarter of 2024, up 2.2 percent (or $127 million) compared to the same quarter last year. While year-over-year growth in the second quarter was slightly stronger than the 1.6 percent increase seen in the first quarter, it still lagged growth rates realized after the first quarter in 2021. However, it was not unusual to see collections increase around (or under) 2 percent, year over year, in the decade before the pandemic.
Local government sales tax collections totaled $5.83 billion in the second calendar quarter (April-June) of 2024, an increase of 2.2%, or $127 million, compared to the same quarter last year, according to a report released today by State Comptroller Thomas P. DiNapoli. While this growth was largely driven by New York City, all other regions of the state also saw increases.
