Lehman Bros. Holding still owes the state $1.2 billion and the city $627 million in back taxes and interest, and Brooklyn Assemblyman William Colton wants to make sure we get every penny. He wrote state Tax Commissioner Jamie Woodward, asking him to fight for New York in the settlement, saying, "I would find it to be an egregious act of negligence for the state and city tax departments to not proactively collect the claims that have been filed against this entity." He said the state should collect 44 cents on the dollar, which would earn the state almost half a billion dollars. That would be half a billion down, just nine more to go!
State Wants Lehman's Back Taxes to Fill Budget Gap
Recent in News
Featured in News
"It puts more of a burden on New York — puts more of a burden on 49 other states."
Read More In: