September was the cruelest month yet for tax revenue generated from real estate sales. The number of transactions has slumped, draining city and state coffers of vital revenue, according to a report released Thursday by the Real Estate Board of New York. All told, the city and state have missed out on $755 million in tax revenue this year as tax receipts have fallen by 42 percent from last year. Tax revenue is responsible for
source https://therealdeal.com/2020/10/16/new-york-lost-755m-in-real-estate-tax-revenue-this-year-rebny/
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