NEW YORK (1010 WINS) — Mayor Eric Adams released his 2021 tax returns six months after receiving criticism for saying he wasn't sure he would.
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The returns, which covered his final year as Brooklyn borough president, showed he paid over $56,000 in federal taxes and reported nearly $232,000 in taxable income last year, according to the documents reviewed by NY1.
His filings also showed $24,600 in earnings from a Brooklyn rental property, though the expenses included $10,900 in depreciation.
The tax forms also show Adams' $179,000 salary as borough president and nearly $63,000 NYPD pension.
In a press conference in April, Adams pledged to "comply 100%" with "whatever rules are in place to ensure transparency for those who are in public office" by offering to release his financial disclosure forms as required by the city.
However, in that same briefing, breaking with previous mayors' precedent, Adams said he wouldn't make a "firm commitment" to release his taxes. He ultimately committed to releasing them, and he did so on Friday.
Adams reportedly hired a new accountant after the release of his 2020 tax returns had to be amended last year because he failed to report rental income in the initial filings.
City Hall spokesperson Fabien Levy told the outlet that Adams also donated about $5,000 to charitable organizations, but his tax returns do not reflect those contributions since he did not keep all of the receipts.
Levy claimed that Adams also gave to churches, food banks and victims of crime.
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