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Q&A
Property tax forecasting for FY 2025
4:12:46
·
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