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Council Member Powers introduces nominee for NYC Tax Commission president
1:24:02
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115 sec
Council Member Keith Powers introduces Robert Firestone as the nominee for president of the New York City Tax Commission. He provides an overview of the Tax Commission's duties, the requirements for commissioners, and details about Firestone's professional background and qualifications.
- The Tax Commission is responsible for reviewing and correcting real property assessments in New York City.
- Firestone has been nominated to serve the remainder of a six-year term expiring on 01/06/2026.
- Firestone's experience includes serving as a commissioner on the NYC Tax Appeals Tribunal and working in the tax and bankruptcy division of the NYC Law Department.
Keith Powers
1:24:02
We have one more nominee, then we're gonna move into public testimony.
1:24:06
This one is for sorry.
1:24:10
Is next is up for the New York City Tax Commission.
1:24:13
Pursuant to sections thirty one and one fifty three of the New York City charter and by letter dated April 25, mayor Eric Adams requested the advice and consent of the council regarding the appointment of Robert Firestone to be president of the tax commission within the New York City office of administrative tax appeals.
1:24:29
Tax commission is charged with the duty of reviewing and correcting all assessments of real property within the New York City within New York City that are set by the New York City Department of Finance.
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Any commissioner shall exercise such other powers and duties as the president of commission may from time to time to assign.
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Commissioners of president and six commissioners, all of them required by law to have at least three years of experience in the field of real estate or real estate law.
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At least one resident of each borough must be included among the commissioners.
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President receives an annual salary of $221,000, 1 hundred 50 1 dollars.
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Commissioners receive an annual salary of $25,677.
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Robert Firestone, a resident of Manhattan, has been nominated by the mayor to serve as the president of tax commission for the remainder of a six year term expiring on 01/06/2026.
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Since 02/2006, he served as commissioner on the New York City Tax Appeals Tribunal, which hears appeals on income tax, excise tax, and real estate tax assessments.
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From 1993 to 02/2006, he was an attorney in the tax and bankruptcy division of the New York City Law Department where he supervised tax litigation rising to the position of assistant chief and senior counsel division.
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From 1999 to '2, he was a tax associate at the firm of Sullivan and Cromwell.
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He is an adjunct professor at New York Law School where he teaches a course on state and local taxation.
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He holds a JD from New York Law School, an LLM in tax from New York University School of Law, and a BS in accounting from Brooklyn College.