Committee on Finance meeting
March 26, 2026, 11:00 AM
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The Committee on Finance reviewed three preconsidered items: a resolution to amend the Fulton Street Business Improvement District plan (Res 0394), an Office of Management and Budget appropriation of new city revenues for Fiscal Year 2027 (M 0057), and a charter modification (Res 0416, MN-6). The OMB appropriation and the charter modification were approved by the full Council the same day.
What was discussed
- Chair Lee presents a $3.1B budget modification and a Fulton Street BID hearing resolution Chair Linda Lee introduced the two coupled items: a resolution she sponsored approving an OMB-requested budget modification under Charter §107(e) to appropriate $3.1 billion in new City revenues in Fiscal Year 2026, and a pre-considered resolution sponsored by Council Member Crystal Hudson
- Committee vote: both finance items adopted 16–0 The Committee on Finance adopted both coupled items, reaching a final vote of 16 in the affirmative, 0 opposed, and no abstentions after the chair held the roll open for late members.
Agenda
4 items
- Res 0394-2026 Resolution concerning an amendment to the District Plan of the Fulton Street Business Improvement District to change the method of assessment upon which the district charge is based, and setting the date, time and place for the public hearing of the local law authorizing a change in the method of P-C Item Approved by Comm
- M 0057-2026 Communication from the Office of Management & Budget - Appropriation of new City revenues in Fiscal Year 2026 in the amount of $3.1 billion, pursuant to Section 107(e) of the New York City Charter (MN-6) P-C Item Approved by Committee with Companion Resolution
- Res 0416-2026 RESOLUTION APPROVING A MODIFICATION (MN-6) PURSUANT TO SECTION 107(e) OF THE CHARTER OF THE CITY OF NEW YORK Approved by Committee
- T2026-0004 AND SUCH OTHER BUSINESS AS MAY BE NECESSARY