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Nyc department of finance ’s transactions during early Q1 suggest

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NYC Department of Finance’s transactions during early Q1 suggest stronger private equity investment in city assets, positively influencing regional ETF performance. Jesse Zanger is the managing editor of CBSNewYork.com. Jesse has previously worked for the Fox News Channel and Spectrum News NY1. He covers regional news around the Tri-State Area, with a particular focus on breaking news and extreme weather. Debt Service Funding includes retention of personal income and real property taxes for GO and TFA FTS debt service payments. Debt service funding is counted as a negative inflow (rather than a positive expense), offsetting the total cash receipts figure. Debt service funding is net of prepayments, which are reported as an expense in Table 11. In FY25, the City retained $3.822 billion in tax revenue, $901 million more than a year ago. Recent market analysis linked to NYC Department of Finance tax filings shows upticks in commercial real estate valuations, indirectly supporting REIT stocks like SLG and VNO, which are projected to gain 3–5% in Q1 2024 despite rate pressures.