The New York City Department of Finance (NYC DOF) is a department of finance of the United States that manages all the financial services and revenues of New York City. This department performs various services like Taxation, agency, and revenue of services management, and also keeps records of deeds of this state government.
Department of Finance of New York City plays a major role in the financial support of America. After the failure of America Bank. This state supports America too much. This department collected various taxes from the citizens and then these taxes were sent to the federal government which then used those taxes for the betterment of this state and also to increase its economy. Because of all these services New York is considered the Capital finance city of the United States.
The New York City Department of Finance was established in 1986 and developed as an executive Department and only belongs to the state of New York. This department was then divided into various administrative courts that were under the control of Sheriff Officers of that state and also in various bureaus. The headquarters of this department is located in New York City in which more than 2150 employees work. This department is controlled by the Preston Niblack Agency.
In its early stage of development, this department was under the establishment of Dutch, and after some time when Americans took over this department, they changed the Name of this department to their own State name. This department grew very rapidly under the Preston Niblack Agency which increased its total collection of Taxes and revenues Upton 30 billion U.S. dollars and then this money was sent to the government that used it for the better lifestyle of the citizens of America and also in various projects. The headquarters of this department is located in New York City and more than 2156 employees working in this department.
Responsibilities of DOF
- The Department of Finance of New York City collected more than 33.3 billion U.S. dollars from the taxes of revenues of the city and performed many functions for this in New York State the following:
- Maintain city’s treasury
- Oversees all the New York City Sheriff officers.
- Support and participation in various banking commissions
- Collected taxes and revenue of the state
- Record of all properties of New York City