Mayor Zohran Mamdani and the city’s Department of Finance (DOF) Commissioner Richard Lee announced on Tuesday a new 90-day Debt Demolisher program that will allow New York businesses and homeowners to resolve outstanding city fines at a reduced cost and avoid future penalties. Under the program, participants with outstanding debt may be eligible to have accrued interest waived and resolve related debt at a discount.
“City government shouldn’t saddle New Yorkers with endless fines and interest,” Mamdani said in a statement. “When the city issues a fine, the goal is to incentivize compliance with the rules that keep all of us safe and healthy, not make it impossible to grow…