NEW YORK (1010 WINS) — Mayor Eric Adams appears to be bucking tradition by refusing to publicly release his tax returns as the IRS tax deadline approaches on Monday.
During a briefing on childcare Friday, Adams was twice asked about releasing his taxes. At first, he said he would offer his financial disclosure forms as required by New York City.
"I will comply with whatever rules are in place, you know, we do our disclosure also. I think that’s sometime in May," he said. "Whatever rules are in place to ensure transparency for those who are in public office, I am going to comply 100%."
When a reporter asked in a follow-up if he could get a "firm commitment" to release his taxes, Adams said, "No. You can't."
Adams must file a financial disclosure document with the city's Conflicts of Interest Board in May, but he is not required to disclose his tax returns.
As presented to the board, a financial disclosure form would disclose outside income he may have received from real estate and other holdings, but would not provide as much detail as a tax return.
According to Politico, his apparent resistance contrasts with the fact that previous New York City Mayors Rudy Giuliani, Michael Bloomberg and Bill de Blasio all released their tax forms during their tenures that go back to 1994.
On Friday, President Joe Biden, Vice President Kamala Harris, and Gov. Kathy Hochul all released their tax returns.
After Politico reported in April 2021 that the then-candidate failed to disclose his rental income on recent returns, Adams was forced to re-file his taxes.
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