New York City officials are forecasting overdue property taxes will surge to a record $880 million in the current fiscal year — and they say it’s because they’ve lost the power to enforce punishments for delinquencies. The staggering figure — forecast for the fiscal year ending in June — marks a jump of more than 30% from three years ago, according to an offering document for a city general obligation bond sale Tuesday obtained by Bloomberg. “It’s not just the absolute dollar amount that I think should worry us all,” Preston Niblack, the city’s finance commissioner, said at a City...