01Res 0535-2026Approved
Committee on Finance · Tuesday, June 30, 2026 · 19m
The one where eleven council members read out every budget-funded institution that employs their spouse, parent or child
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items
21
approved
21
Try
Eleven members took turns naming the institutions that employ their spouses, parents and children - the Department of Education, CUNY, the Brooklyn Museum, the NYPD, the Metropolitan Opera - and then voted to fund them. Lincoln Restler disclosed that his wife works at the mayor's Office of Management and Budget, the office that wrote the $125.8 billion FY27 budget, and voted aye. Nobody recused; the clerk recorded no abstentions. Julie Won could not confirm the bill numbers she was voting on and was told they were 'temporary.' Frank Morano called Chair Linda Lee's leadership 'heroic,' then vot
From the room
“my mother serves on the board of the Mercantile Library Association of the City of New York”
— Lincoln Restler
“I want to thank the Chair for her heroic leadership over the course of this entire budget cycle”
— Frank Morano
“I will vote yes on T twenty twenty six dash twenty one seventy seven and twenty one seventy eight”
— Frank Morano
“all interlocking resolutions that together are necessary for adopting the FY27 property tax rates”
— Linda Lee
01
The decisions
2102Res 0544-2026RES 0544-2026Approved
MN-9
Cleared as item four: an expense budget modification that closes out FY2026 by transferring City funds between agencies under Charter §107(b) (M 80), the housekeeping that has to land before the new fiscal year opens.
03Res 0540-2026RES 0540-2026Approved
RESOLUTION TO ADOPT A CONTRACT BUDGET SETTING FORTH, BY AGENCY, CATEGORIES OF CONTRACTUAL SERVICES FOR WHICH APPROPRIATIONS HAD BEEN PROPOSED FOR THE FISCAL YEAR BEGINNING ON JULY 1, 2026, AND ENDING ON JUNE 30, 2027, IN ACCORDANCE WITH THE PROVISIONS OF THE NEW YORK CITY CHARTER
Moved for approval as item two, the FY2027 contract budget under the same modified M 69, the companion authorization for the city's contracted spending alongside the expense plan.
04M 0082-2026Approved
Report of the Committee on Finance in favor of approving a resolution of the Council of the City of New York fixing the tax rate for the Fiscal Year 2027, adopted June 30, 2026 upon the recommendation of the Committee on Finance of the Council.
05M 0070-2026Approved
Communication from the Mayor - Submitting the Executive Capital Budget for Fiscal Year 2027, pursuant to Section 249 of the New York City Charter.
06Res 0534-2026RES 0534-2026Approved
RESOLUTION COMPUTING AND CERTIFYING BASE PERCENTAGE, CURRENT PERCENTAGE AND CURRENT BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2027 TO THE STATE BOARD OF REAL PROPERTY TAX SERVICES PURSUANT TO SECTION 1803-a OF THE REAL PROPERTY TAX LAW
First piece of the tax-rate block, computes and certifies each real property class's base percentage, current percentage and current base proportion for FY2027 to the State Board of Real Property Tax Services, the arithmetic that must be filed before any rate can be fixed.
07Res 0546-2026Approved
RESOLUTION TO PROVIDE THE AMOUNTS NECESSARY FOR THE SUPPORT OF THE GOVERNMENT OF THE CITY OF NEW YORK AND THE COUNTIES THEREIN AND FOR THE PAYMENT OF INDEBTEDNESS THEREOF, FOR THE FISCAL YEAR BEGINNING ON JULY 1, 2026 AND ENDING ON JUNE 30, 2027, BY THE LEVY OF TAXES ON THE REAL PROPERTY IN THE CITY OF NEW YORK, IN ACCORDANCE WITH THE PROVISIONS OF THE CONSTITUTION OF THE STATE OF NEW YORK, THE REAL PROPERTY TAX LAW AND THE NEW YORK CITY CHARTER
08Res 0529-2026RES 0529-2026Approved
Resolution approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget
Closed the package at item nine with the transparency resolution, which locks in the new and changed designations of the outside organizations set to receive discretionary and member-item funding in the adopted expense budget.
09Res 0530-2026RES 0530-2026Approved
Resolution to establish that the interest rate be six percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of not more than $250,000, or not more than $250,000 per residential unit for cooperative apartments
Moved as one of four late-payment interest resolutions taken together, setting the lowest delinquency tier at 6% per annum for FY2027 on properties assessed at $250,000 or less, measured per residential unit for co-ops.
10Res 0531-2026Approved
Resolution to establish that the interest rate be nine percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of more than $250,000 but less than or equal to $450,000, or more than $250,000 but less than or equal to $450,000 per residential unit for cooperative apartments
11Res 0539-2026RES 0539-2026Approved
RESOLUTION TO ADOPT A BUDGET APPROPRIATING THE AMOUNTS NECESSARY FOR THE SUPPORT OF THE GOVERNMENT OF THE CITY OF NEW YORK AND THE COUNTIES THEREIN AND FOR THE PAYMENT OF INDEBTEDNESS THEREOF, FOR THE FISCAL YEAR BEGINNING ON JULY 1, 2026, AND ENDING ON JUNE 30, 2027, IN ACCORDANCE WITH THE PROVISIONS OF THE NEW YORK CITY CHARTER
Called up first in the budget package and moved for approval as the FY2027 expense budget (M 69, as modified), the resolution that actually appropriates the money to run every city agency and service the city's debt.
12M 0074-2026Approved
Communication from the Mayor - Submitting the Proposed City Fiscal Year 2027 Community Development Program, the Proposed CFY'27 Budget, the Proposed Allocation of Calendar Year 2026/CD 52 Funds, the Proposed Calendar Year 2027/CD 53 Budget, dated May 12, 2026.
13Res 0545-2026RES 0545-2026Approved
MN-10
The FY2026 close-out continued at item five with a revenue budget modification appropriating newly recognized City revenues under Charter §107(e) (M 81).
14Res 0541-2026RES 0541-2026Approved
RESOLUTION A
Taken up with its companion as the capital half of the adoption: Reso A adopts the FY2027 executive capital budget and the capital program for the ensuing three years under M 70, as modified.
15M 0080-2026Approved
Communication from the Office of Management & Budget – Transfer City funds between various agencies in Fiscal 2026 to implement changes to the City’s expense budget, pursuant to Section 107(b) of the New York City Charter. (MN9).
16Res 0542-2026Approved
RESOLUTION B
17Res 0532-2026Approved
Resolution to establish that the interest rate be sixteen percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of more than $450,000, or more than $450,000 per residential unit for cooperative apartments
18Res 0533-2026Approved
Resolution to establish that the interest rate be two and one half percent per annum for Fiscal Year 2027 for certain properties for which the owner has entered into an installment payment agreement with the department of finance for payment of delinquent property taxes, assessments, or other charges
19M 0069-2026Approved
Communication from the Mayor - Submitting the Expense, Revenue, Contract Budget, for Fiscal Year 2027, pursuant to Section 249 of the New York City Charter.
20Res 0543-2026RES 0543-2026Approved
Resolution approving The City Fiscal Year 2027 Community Development Program, Reallocation of Fifty-Second Year Community Development Funds, and the Proposed Fifty-Third Year Community Development Program
Moved as part of the same adoption package: the proposed FY2027 Community Development Program under M 74, which also reallocates leftover 52nd-year CD funds and stands up the proposed 53rd-year program.
21M 0081-2026Approved
MN-10
Also in the record
Records not linked to a specific agenda item
Questions & answers
Phil Wong: Before voting, Council Member Wong asks for the bill numbers of the real-property-tax late-payment interest-rate resolutions covering the three assessed-value tiers (assessed value $250K or less; $250K to $450K; over $450K), stating he has them as 2274, 2176 and 2182, and asking whether that is right or whether the numbers changed.
Procedure
- All committee members received a budget packet from committee counsel and the finance team containing every piece of budget-related legislation to be voted on by the committee and again by the full Council at the stated meeting — Linda Lee
- Schedule C and the list of terms and conditions included in the FY27 expense budget are in the packet but do NOT require a separate vote; Schedule C lists organizations whose appropriations are funded by the expense and contract budgets — Linda Lee
- Every council member must sign a disclosure form stating whether a conflict exists with any group listed in Schedule C or Reso A (capital discretionary fund designations); a SEPARATE disclosure form is required for the transparency resolution — Linda Lee
- Members with a potential conflict may disclose it on the record at the time of their vote; general counsel's office staff are on hand to guide members who have not yet signed the disclosure forms — Linda Lee
+3 more procedural steps
02
The people
On the dais · 17
Practitioners & applicants
Linda Lee · William Martin · Lincoln Restler
03
The intelligence
Every parcel, owner, and applicant in this meeting, cross-referenced against Zonable’s NYC ownership, enforcement & legislative graph — the record behind the record.
Sign in for the full graph
Owner portfolios, open OATH/ECB violations, 311 & DOB permits across every parcel discussed, developer track records, and an “ask this meeting” chat.