From the Village Voice:
The City Department of Finance didn't collect an estimated $24 million in cell phone antenna-related taxes because it didn't ID all the people collecting cash from antennas, Comptroller John Liu announced today.
Yes, you read that correctly: because the Department of Finance didn't look at Department of Buildings data indicating structures with antennas -- which, under law, must be taxed -- Finance overlooked 2000 taxable property owners.
Under City law, people who own commercial property or big apartment buildings have to tell the DOF whether they're making money from antennas. That's because any such profits make these properties more valuable, affecting how much they should be taxed.
The audit, which was a collaboration between Liu and State Comptroller Thomas P. Di Napoli, claims that at least 2,108 properties failed to claim income from 2008 to 2009.
Finance, on the other hand, only identified 90 offending properties.