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New York City Tax Reform and Its Impact On Real Estate

NEW YORK CITY—James Nelson of Cushman & Wakefield sat down with Maria Doulis, VP of the Citizens Budget Commission, to discuss New York City…

By James Nelson | Updated on July 05, 2017
James Nelson James Nelson

NEW YORK CITY—James Nelson of Cushman & Wakefield sat down with Maria Doulis, VP of the Citizens Budget Commission, to discuss New York City tax reform and its impact on real estate.

James Nelson: Maria, please tell us a about CBC and what is it that you do.

Maria Doulis: CBC is a non-profit, non-partisan fiscal watch dog that was established in 1932 to provide oversight for New York State and New York City government. Our members come from the businesses across New York City. It is a lot of the businesses that are for the foundation of the city’s economy and so we have members representing the real estate industry, banks, technology, higher education, health, really the whole gamut.

Nelson: Does the CBC have a stance on the recent tax reforms? If so, have they done anything to speak out on the topic?

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