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Pushback to Tax on Rich Absentee Co-op and Condo Owners

’s reports. The fiscally conservative Citizens Budget Commission (CBC) has joined forces with the Real Estate ... The Citizens Budget Commission thinks taxing rich absentee co-op and condo owners is the wrong way

The Burnishing of a Gold Coast Gym

Gold Coast, Manhattan

reserve fund, which meant that we had a very strict budget.” Roiter realized that it would have ... Operating on a tight budget, two dedicated unit-owners oversaw a major gym renovation

Battle Lost, but War to Reform Property Taxes Continues

New York City

to make it into the $89.15 billion budget deal struck between Speaker Corey Johnson and Mayor Bill de ... $400 tax rebate fails to make it into city’s new budget. ... Under a new city budget deal, homeowners who earn less than $150,000 will not be receiving a $400

What Is Your Largest Expense? UNABRIDGED

Magazine Article by Scott Kamen on June 19, 2018

maintenance and budgeting for exterior work. Often the architect has been introduced to the building after ... The largest expense that a building will ever see is often overlooked when budgeting

Management on the Front Lines: Finance UNABRIDGED

Magazine Article on July 28, 2020

-related matters, and they’re using this to begin contemplating 2021 budgets. Drawing from nine roundtable ... are gearing up to prepare 2021 budgets.

Pandemic Hit: Putting the Financial Pieces Together UNABRIDGED

Magazine Article by Mark Hoffman, President, Hoffman Management on August 19, 2021

Side with approximately 150 apartments and four retail spaces. Its annual budget is about $3.6 million ... budgets.

Mayor Wants to Stop Expansion of Organics Composting

New York City

the program is "broken," Adams wants to cut $18.2 million from his proposed $98.5 billion budget by halting ... Green Ideas How NYC co-ops/condos save energy Energy is one budget item that NYC co-ops and condos ... Budget cuts derail ambitious plan to keep organic waste out of landfills.

Albany Says “Drinks for All!” as Title Insurance Reform Fades

New York City

, Albany’s pay-to-play culture was on display this week when the state Senate proposed a budget for 2018 ... State Senate budget would curb reforms on industry’s fee structure.

Con Edison and National Grid Say Energy Costs Will Soar This Winter

New York City

to bring soaring energy costs that will stretch the budgets of even the most far-sighted co-op and condo ... Co-op and condo budgets are facing unforeseeable pressures on all energy costs.

Most Co-ops and Condos Are Facing an 8% Jump in Property Taxes

New York City

of the cost of paying for the city’s new $107 billion budget for the 2023-24 fiscal year. Commercial ... New $107 billion city budget includes a tax cut for commercial properties.

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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