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Property tax forecasting for FY 2025

4:12:46

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45 sec

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      Councilmember Brannan inquires about the Comptroller's office forecast for FY 2025 property tax collections, which is below OMB's forecast.

      • The Comptroller's forecast for FY 2025 property taxes differs from OMB's by about $400 million
      • The main difference is that the Comptroller's office did not incorporate lien sale revenues and its impact on collections
      • The potential impact of a lien sale on the delinquency rate could explain most of the difference between the forecasts