New York City Council
Committee on Finance
May 22, 2024
·
09:30 AM
8 hr
Summary
A hearing on the FY25 executive budget, focusing on various aspects of the proposed budget.
Major topics included:
- Asylum seeker costs
- Early childhood education funding
- Cultural institution and library cuts
- Older adult services
- NYPD overtime spending
- Housing and homelessness initiatives
- Mental health funding
- CUNY funding
- Tourism budget cuts
- Human services cost of living adjustments.
Council members expressed concerns about budget cuts to many programs and services, while OMB defended the cuts as necessary given fiscal constraints.
Key points of contention included:
- The necessity of budget cuts given projected surpluses
- Lack of transparency in spending decisions
- Inadequate funding for priorities like early childhood education and affordable housing
- Concerns about impacts of cuts on vulnerable populations
Features testimony from the New York City Comptroller's Office, Office of Management and Budget (OMB) and the Independent Budget Office (IBO).
Meeting chapters
Read summaries and watch videos for short segments that matter to you.
Council Member Justin Brannan opens final day of FY25 executive budget hearings
Council Member Justin Brannan opens the 12th and final day of hearings on the FY25 executive budget. He introduces the session, acknowledges the presence of other council members and the …
0:00:37
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121 sec
Overview of FY25 executive budget and fiscal position
Comptroller Brad Lander presents an overview of New York City's $111.6 billion FY25 executive budget, highlighting a modestly stronger fiscal position compared to the preliminary budget. The budget reflects increased …
0:03:16
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38 sec
Economic outlook for New York City
Comptroller Lander presents a mixed economic outlook for New York City, highlighting both positive indicators and ongoing challenges. The city's economy shows moderate growth, but faces some sector-specific issues. - …
0:03:56
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124 sec
Budget gaps and areas of underbudgeting
Comptroller Lander addresses the projected budget gaps and areas of underbudgeting in the city's financial plan. He highlights the need for careful planning and honest budgeting to address these challenges. …
0:06:00
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83 sec
Costs and uncertainties related to asylum seekers
Comptroller Lander discusses the costs associated with providing services to asylum seekers, highlighting the uncertainties and potential fiscal risks involved. He notes that while current projections are lower than budgeted, …
0:07:25
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117 sec
Education funding and class size mandate implementation
Comptroller Lander addresses the funding challenges for the Department of Education, particularly in light of expiring federal COVID-19 aid and the implementation of the class size mandate. He highlights areas …
0:09:23
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170 sec
CUNY funding and its importance for economic mobility
Comptroller Lander emphasizes the critical role of CUNY in driving economic mobility in New York City and expresses concern about recent budget cuts. He advocates for increased funding and expansion …
0:12:13
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43 sec
Impact of cuts on libraries and cultural programs
Comptroller Lander addresses the ongoing cuts to libraries and cultural programs, highlighting their disproportionate impact on various communities. He urges for restorations to these institutions' budgets. - Cuts to libraries …
0:12:57
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55 sec
Capital budget update and increased debt capacity
Comptroller Lander discusses the executive budget's update to the city's capital commitment plan, including increases in various critical areas. He also addresses the recent legislation that increases the city's debt …
0:13:52
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19 sec
Need for increased capital investment in housing development
Comptroller Lander emphasizes the critical need for additional capital investment in housing development programs. He outlines specific recommendations for funding and implementation. - Calls for an additional capital investment of …
0:14:12
·
40 sec
Water authority payments and infrastructure needs
Comptroller Lander addresses the extension of water authority rental payments to the city and highlights concerns about the regressive nature of the current rate structure. He also emphasizes the need …
0:14:54
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60 sec
Recommendations for improving fiscal management framework
Comptroller Lander outlines recommendations for strengthening the city's fiscal management framework, addressing various aspects of budgeting, debt management, and long-term planning. - Supports the idea of updating the city's fiscal …
0:15:55
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3 min
Discussion on NYC's debt limit and remaining debt capacity
Council Member Brannan and Comptroller Lander discuss the city's debt limit and remaining debt capacity. They review current estimates and projections for fiscal years 2025 and 2026, considering the recent …
0:19:17
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5 min
Priorities for NYC's increased capital capacity
Comptroller Lander discusses the main priorities for New York City's increased capital capacity, emphasizing housing as the top priority. - Housing is mentioned as the primary focus, with Lander stating …
0:24:37
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178 sec
Performance of NYC's pension funds
Comptroller Lander discusses the current performance of New York City's pension funds and the factors driving returns. - The pension funds are currently showing a return of 8.5% across all …
0:27:36
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106 sec
Implementation of strategic asset allocations for NYC pension systems
Comptroller Lander explains the process of implementing strategic asset allocations for New York City's pension systems. - Strategic asset allocations are typically reviewed every 3 to 5 years. - Each …
0:29:22
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141 sec
Investment in preserving rent-stabilized housing units affected by Signature Bank collapse
Comptroller Lander discusses a recent investment by the New York City Employees' Retirement System (NYCERS) to preserve rent-stabilized housing units affected by the Signature Bank collapse. - NYCERS will invest …
0:31:43
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174 sec
Increase in claims and lawsuit costs against New York City
Comptroller Lander discusses the recent increase in claims and lawsuit costs against New York City and potential factors contributing to this trend. - The city paid out over $1.5 billion …
0:34:43
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3 min
Delays in nonprofit contract payments and registration
Comptroller Lander discusses the ongoing issue of delayed payments to nonprofit contractors and efforts to address the problem. - A recent report showed that 80% of contract registrations were late …
0:38:02
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3 min
Council Member Carr discusses financial reforms and sidewalk damage claims with Comptroller Lander
Council Member David M. Carr engages in a Q&A session with Comptroller Brad Lander, discussing potential financial structure reforms for New York City and issues related to sidewalk damage claims …
0:41:36
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4 min
Council Member Williams questions Comptroller Lander on MWBE utilization and pension investments
Council Member Nantasha Williams engages in a Q&A session with Comptroller Brad Lander, focusing on MWBE utilization, pension investments, and efforts to increase diversity in city contracting and investments. Lander …
0:45:46
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4 min
Prioritizing programs affected by expiring federal stimulus funds
Council Member Brannan and Comptroller Lander discuss the challenge of expiring federal stimulus funds and the need to prioritize programs that were funded by these temporary dollars. Lander emphasizes the …
0:50:08
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140 sec
Evaluation of the state's housing package and affordable housing creation
Council Member Brannan asks Comptroller Lander about the effectiveness of the state's housing package in creating affordable housing in New York City. Lander expresses that the package alone will not …
0:52:29
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63 sec
The need for housing vouchers to address homelessness
Comptroller Lander emphasizes the critical need for housing vouchers to address homelessness in New York City, expressing disappointment that the state's housing package didn't include the housing access voucher program. …
0:53:32
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45 sec
Funding for affordable homeownership and community-controlled rental
Comptroller Lander discusses the importance of funding for affordable homeownership and community-controlled rental housing, highlighting the city council's proposal for additional investment in these areas. - Lander mentions the council's …
0:54:19
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27 sec
Innovative pension fund investment to support city worker home buying
Comptroller Lander presents an innovative idea to use pension fund dollars to help city workers, such as teachers and nurses, buy homes in New York City. This proposal aims to …
0:54:47
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83 sec
Council Member Sanchez questions Comptroller on NYC's capital budget role in addressing housing crisis
Council Member Pierina Ana Sanchez inquires about the city's capacity to increase its capital budget to address the housing crisis, despite the notion that the city can't solve the problem …
0:56:16
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161 sec
Discussion on office-to-housing conversion and EMCOR program subsidies
Council Member Justin Brannan inquires about the appropriate level of subsidy for office-to-housing conversion projects, specifically mentioning the EMCOR program and votes on 175 Water and 853 Third Avenue. Comptroller …
0:58:58
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3 min
Council Member Powers inquires about the EMCOR program and its effectiveness
Council Member Keith Powers inquires about the EMCOR program, its effectiveness, and criteria for successful applications. Francesco Brindisi from the NYC Office of the Comptroller responds with insights on the …
1:02:27
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3 min
Council Member Brannan and Comptroller Lander conclude the budget hearing
Council Member Justin Brannan and Comptroller Brad Lander exchange brief closing remarks, concluding the hearing on the FY25 executive budget. They express appreciation for the testimony and analysis provided. - …
1:05:30
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10 sec
Council Member Justin Brannan opens second portion of final budget hearing
Council Member Justin Brannan, chair of the committee on finance, opens the second portion of the final day of budget hearings. He welcomes Director Chafee and the team, mentioning that …
1:26:16
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35 sec
Introduction and overview of IBO's recent reports
Louisa Chafee, director of the Independent Budget Office (IBO), introduces herself and her colleagues to the Finance Committee. She mentions three recently published IBO reports on the budget, including analysis …
1:27:28
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40 sec
IBO's budget surplus forecasts for current year and FY2025
The IBO presents its budget surplus forecasts for the current year and FY2025, comparing them with the Administration's projections. They forecast a larger surplus for the current year and project …
1:28:09
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123 sec
Projected budget gaps for FY2026-2028
The IBO presents its projections for budget gaps in fiscal years 2026 to 2028, comparing them with the Administration's estimates. They explain the reasons for the differences and provide context …
1:28:09
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123 sec
Restorations and additions in the executive budget
The IBO outlines various restorations and additions made in the executive budget, covering multiple departments and programs. These changes address funding gaps and reinstate previously cut programs. - $64 million …
1:30:13
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100 sec
Program to Eliminate the Gap (PEG) cuts and their impacts
The IBO details the Program to Eliminate the Gap (PEG) cuts implemented by the administration, highlighting specific areas affected and the overall impact on the budget. Some restorations have occurred, …
1:31:53
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150 sec
Budgeting practices: over-budgeting and under-budgeting
The IBO highlights areas of the budget characterized by a lack of transparency, focusing on over-budgeting and under-budgeting practices. They provide specific examples and recommend more accurate fiscal estimates for …
1:34:23
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3 min
Fiscal outlook, economic projections, and tax revenue forecasts
The IBO presents its fiscal outlook, economic projections, and tax revenue forecasts for New York City. They project continued but slower growth and discuss potential constraints on the city's economy. …
1:37:36
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129 sec
Introduction to IBO's revised analysis of asylum seeker costs
Council Member Justin Brannan inquires about IBO's revised analysis of asylum seeker costs. He notes that IBO's projections for FY25 and FY26 are considerably lower than the administration's estimates in …
1:39:44
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51 sec
IBO's assumptions and projections for asylum seeker costs
Sarita Subramanian from IBO explains their assumptions and projections for asylum seeker costs, detailing three different cost scenarios. - IBO's higher cost scenario projects growth in 2025 and constant population …
1:40:36
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89 sec
Differences between IBO and administration assumptions on asylum seeker costs
Council Member Brannan inquires about the assumptions that IBO disagrees with most regarding the administration's asylum seeker cost projections. - IBO focused on population projections rather than per diem rates …
1:42:06
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47 sec
Negative consequences of administration's exit policies for asylum seekers
Sarita Subramanian explains IBO's assessment of the negative consequences of the administration's exit policies for asylum seekers. - IBO included potential negative consequences for illustrative purposes, estimating up to $2 …
1:42:55
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3 min
Personal Services (PS) accruals and potential overstated costs
Sarah Parker from IBO explains their analysis of Personal Services (PS) accruals and potential overstated costs in FY24. - IBO found upwards of $800 million in overstated PS costs based …
1:46:26
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117 sec
Potential carry-forward of PS savings into FY25
Sarah Parker discusses the potential for PS savings to carry forward into FY25. - The carry-forward depends on whether current savings are due to unfilled vacancies - IBO will monitor …
1:48:23
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50 sec
Agency underbudgeting across various sectors
Council Member Brannan inquires about IBO's findings of underbudgeting in various agency budgets. - IBO identified underbudgeting in areas including youth and aging, public safety, social services, homeless services, education, …
1:49:15
·
32 sec
IBO's reestimate process for analyzing agency budgets
Sarah Parker explains IBO's reestimate process for analyzing agency budgets and identifying areas of under- or over-budgeting. - IBO examines historical spending, policy changes, and current spending trends to calculate …
1:49:48
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95 sec
Council Member Brewer questions IBO on uncollected funds and budget risks
Council Member Gale A. Brewer engages in a Q&A session with representatives from the Independent Budget Office (IBO) regarding uncollected funds, budget risks, and education funding. The IBO provides insights …
1:51:26
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4 min
Council member inquires about addressing projected budget gaps
Council Member Nantasha Williams asks about strategies to address projected budget gaps in future years. IBO officials explain the use of rainy day funds and prepayments to balance the budget. …
1:56:06
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150 sec
Discussion on prepayment funds and budget stabilization
Council Member Williams inquires about prepayment funds for the current fiscal year. IBO officials provide information on the budget stabilization and discretionary transfers. - IBO confirms there were prepayment funds …
1:58:38
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31 sec
Inquiry on the necessity of PEGs for fiscal health
Council Member Williams questions the necessity of Program to Eliminate the Gap (PEG) implementation given the current year surplus. IBO Director Louisa Chafee responds to the inquiry. - The administration …
1:59:10
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27 sec
Overview of underbudgeting in various city agencies
Council Member Williams asks about IBO's report on underbudgeting in various agencies. IBO officials begin to provide details on specific areas of concern. - IBO mentions underbudgeting in youth and …
1:59:39
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91 sec
Analysis of city FHEPS housing voucher program funding
Council Member Williams inquires about IBO's cost analysis of the city FHEPS housing voucher program. IBO officials explain their estimation process and projected funding needs. - IBO projects a need …
2:01:10
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49 sec
Department of Education funding needs and projections
IBO officials provide detailed information on projected funding needs for the Department of Education, highlighting several areas of concern. - Additional funds are projected to be needed for Carter cases …
2:02:01
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72 sec
Impact of budget cuts and sanitation department funding needs
IBO officials discuss the disproportionate impact of budget cuts on various services and address Council Member Williams' question about sanitation department funding needs. - IBO emphasizes that small fiscal reductions …
2:03:16
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87 sec
Council Member Brannan discusses budget risks with IBO representatives
Council Member Justin Brannan engages in a Q&A session with representatives from the Independent Budget Office (IBO) regarding potential risks to next year's budget and the necessity of Program to …
2:04:52
·
3 min
Introduction of Department of Finance leadership
Commissioner Preston Niblack introduces himself and his team from the New York City Department of Finance to the City Council committee. He expresses gratitude for the opportunity to testify and …
2:57:36
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24 sec
Recent accomplishments and legislative achievements
Commissioner Niblack highlights recent accomplishments of the Department of Finance, including website redesign and new online tools. He also discusses successful legislative efforts at the state level. - Mentions redesign …
2:58:00
·
60 sec
Department of Finance budget overview for fiscal year 2025
Commissioner Niblack provides an overview of the Department of Finance's budget for the fiscal year 2025. He explains the increase from the previous year and outlines the allocation of funds. …
2:59:01
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36 sec
Customer service initiatives for fiscal year 2025
Commissioner Niblack emphasizes the Department of Finance's focus on customer service and highlights three key initiatives for the upcoming fiscal year. - Modernized business tax and collection system for easier …
2:59:39
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76 sec
Improvements in property tax exemptions administration
Commissioner Niblack provides a detailed explanation of improvements made to the administration of property tax exemptions, highlighting efforts to simplify the process and increase accessibility for eligible New Yorkers. - …
3:00:56
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139 sec
Department of Finance community outreach efforts
Commissioner Niblack highlights the Department of Finance's ongoing efforts to reach out to New Yorkers across all five boroughs, emphasizing their commitment to community engagement. - External affairs team has …
3:03:15
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39 sec
Upcoming initiatives and improvements for the Department of Finance
Commissioner Niblack outlines several initiatives and improvements planned for the coming year, emphasizing the department's commitment to fairness, equity, and customer respect. - Changes to the parking violations bureau to …
3:03:55
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54 sec
Conclusion and commitment to customer service
Commissioner Niblack concludes his testimony by reaffirming the Department of Finance's dedication to delivering top-tier customer service to all New Yorkers and expressing pride in the agency's work. - Emphasizes …
3:04:50
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62 sec
Enforcement actions against illegal marijuana dispensaries
Council Member Brannan inquires about the sheriff's office's enhanced powers to shut down illegal marijuana dispensaries. Commissioner Niblack details the multi-agency enforcement efforts, including inspections, closures, and seizures of illegal …
3:05:59
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175 sec
Sheriff's office budget and headcount increases
Council Member Brannan questions the discrepancies in the executive plan regarding the sheriff's office headcount increase and associated costs. Commissioner Niblack explains the funding situation and hiring process for new …
3:08:56
·
83 sec
DOF Personal Services savings explanation
Council Member Brannan inquires about a $1 million peg in FY24 related to Personal Services savings. CFO Jacqueline James clarifies that it's not a peg but an annual accrual takedown. …
3:10:20
·
44 sec
Status of hiring city assessors
Council Member Brannan inquires about the current state of assessor positions and hiring plans. Commissioner Niblack provides an update on the assessor workforce and upcoming hiring process. - The assessor …
3:11:06
·
55 sec
Office of the Taxpayer Advocate: structure, staffing, and case resolution
Council Member Brannan inquires about the Office of the Taxpayer Advocate (OTA), its potential codification, staffing, and case resolution. Commissioner Niblack discusses the value of the OTA and provides details …
3:12:03
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3 min
Council member inquires about smoke shop enforcement progress
Council Member Gale A. Brewer inquires about the progress of smoke shop enforcement efforts in New York City. Commissioner Preston Niblack provides updates on the sealing of illegal shops, the …
3:15:21
·
3 min
Discussion on Manhattan tow pound and parking ticket collections
Council Member Gale A. Brewer raises concerns about the lack of a tow pound in Manhattan and inquires about its impact on parking ticket collections. Commissioner Preston Niblack explains that …
3:18:22
·
50 sec
Examination of uncollected fines and fees and collection efforts
Council Member Gale A. Brewer inquires about uncollected fines and fees in New York City. Commissioner Preston Niblack provides detailed information on collection rates, processes, and strategies employed by the …
3:19:12
·
4 min
Inquiry into potential limited lien sale and its impact
Council Member Gale A. Brewer inquires about the potential for a limited lien sale in New York City and its possible financial impact. Commissioner Preston Niblack provides some information but …
3:23:26
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74 sec
Council member Brewer praises staff member Rita Jen
Council Member Gale A. Brewer takes a moment to express gratitude and praise for Rita Jen, a staff member at the Department of Finance. Commissioner Preston Niblack echoes the sentiment, …
3:24:39
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25 sec
Council member thanks commissioner for tax rebate program outreach
Council Member Brooks-Powers expresses gratitude to the commissioner and their team for visiting her district multiple times to discuss tax rebate programs with seniors and taxpayers. - The commissioner's team …
3:25:15
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22 sec
Discussion on potential parking ticket amnesty program
Council Member Brooks-Powers inquires about the possibility of implementing a parking ticket amnesty program, citing concerns about constituents who struggle to pay full penalties. Commissioner Niblack explains the challenges and …
3:25:38
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51 sec
Inquiry about speed camera revenue distribution across boroughs and districts
Council Member Brooks-Powers raises concerns about the perceived uneven distribution of speed cameras and asks for data on revenue generation across boroughs and council districts. Commissioner Niblack agrees to provide …
3:26:30
·
40 sec
Discussion on the stipulated fine program and potential modifications
Council Member Brooks-Powers inquires about the stipulated fine program, its last modification, and the possibility of adjusting or eliminating it. Commissioner Niblack explains the program's details, recent reviews, and the …
3:27:11
·
7 min
Council Member Brannan questions Department of Finance on fake plate crackdowns
Council Member Justin Brannan inquires about the Department of Finance's involvement in fake plate crackdowns, asking for data on projected revenue loss. Commissioner Preston Niblack responds by detailing the department's …
3:34:26
·
125 sec
Council Member Restler addresses property tax assessment issues for coops and condos
Council Member Lincoln Restler expresses frustration with the current property tax assessment system for coops and condos in New York City. He highlights the unfairness of comparing moderate-income buildings to …
3:36:34
·
163 sec
Discussion on draft legislation for property tax reform and assessment process transparency
Commissioner Preston Niblack and Council Member Lincoln Restler discuss draft legislation for property tax reform and the current assessment process. Niblack mentions ongoing work on state legislation to reform the …
3:39:19
·
168 sec
Commissioner Niblack explains Department of Finance's constraints and assessment factors
Commissioner Preston Niblack explains the constraints and factors considered in the Department of Finance's property tax assessment process. He addresses Council Member Restler's concerns about transparency and fairness. - Niblack …
3:42:08
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54 sec
Council Member Restler highlights impact of high property taxes on moderate-income residents
Council Member Lincoln Restler emphasizes the severe impact of rising property taxes on moderate-income coop and condo owners in his district. He calls for a more equitable approach to assessments …
3:43:02
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61 sec
Commissioner Niblack discusses legal constraints and appeal process for property tax assessments
Commissioner Preston Niblack explains the legal constraints on the Department of Finance and outlines the appeal process for property tax assessments. He responds to Council Member Restler's concerns about fairness …
3:44:04
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66 sec
Council Member Restler requests clearer explanation of legal constraints in assessment
Council Member Lincoln Restler requests a clearer explanation of the legal constraints preventing fairer property tax assessments for moderate-income coops and condos. He emphasizes the negative impact of the current …
3:45:10
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66 sec
Commissioner Niblack highlights Mayor's emphasis on need for property tax reform
Commissioner Preston Niblack emphasizes the Mayor's recognition of the need for comprehensive property tax reform in New York City. He reiterates the administration's commitment to addressing the inequities in the …
3:46:16
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29 sec
Proposal for unified approach to push for property tax reform in Albany
Council Member Justin Brannan proposes a unified approach between the City Council and the administration to push for property tax reform in Albany. Commissioner Preston Niblack agrees with this strategy. …
3:46:46
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50 sec
Council Member Narcisse discusses property tax issues and reform with Commissioner Niblack
Council Member Mercedes Narcisse raises concerns about property tax inequities in her district, particularly affecting retirees and fixed-income residents. Commissioner Preston Niblack responds by explaining the city's plans for property …
3:47:41
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4 min
Council Member Brannan questions Department of Finance on audit revenues and staffing
Council Member Justin Brannan engages in a Q&A session with Department of Finance officials, primarily Commissioner Preston Niblack, about audit revenue projections and staffing issues. The discussion covers the increase …
3:52:20
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4 min
Council Member Justin Brannan opens final FY25 executive budget hearing
Council Member Justin Brannan, chair of the committee on finance, opens the final hearing of the FY25 executive budget. He welcomes the attendees, including Director Jiha and his team, and …
4:49:49
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49 sec
Council Member Adams welcomes OMB director and team
Council Member Adrienne E. Adams opens the hearing by welcoming the Office of Management and Budget (OMB) director and team to the final executive budget hearing for fiscal year 2025. …
4:50:39
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5 sec
Overview of the FY2025 Executive Budget
Council Member Adams provides an overview of the fiscal year 2025 executive budget, highlighting key figures and changes from previous budgets. - The FY2025 executive budget is $111.6 billion, an …
4:50:51
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24 sec
Council's economic and tax forecast outpaces OMB projections
Council Member Adams presents the Council's latest economic and tax forecast, which shows higher revenue projections compared to the Office of Management and Budget (OMB). - Council's forecast outpaces OMB's …
4:51:15
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44 sec
Importance of restoring budget cuts and investing in essential services
Council Member Adams emphasizes the need to restore budget cuts and invest in essential services to meet the needs of New Yorkers and move the city forward. - Updated forecast …
4:52:01
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57 sec
Key areas requiring investment in the city budget
Council Member Adams outlines several critical areas that require investment in the city budget to address pressing needs and support New Yorkers. - Cultural institutions, libraries, and parks - Education …
4:52:59
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140 sec
Closing remarks and expectations from OMB Director Jiha
Council Member Adams concludes her remarks by expressing expectations for OMB Director Jiha to address critical issues in the budget and emphasizing the importance of serving New Yorkers' needs. - …
4:55:20
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31 sec
Council Member Brannan discusses NYC tax revenue forecast and budget priorities
Council Member Justin Brannan presents the City Council's tax revenue forecast, which projects higher collections than OMB's April plan. He emphasizes the need to invest in essential services and neighborhood …
4:55:55
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107 sec
Introduction and overview of FY2025 executive budget
Jacques Jiha, director of the NYC Mayor's Office of Management and Budget, introduces the testimony on the fiscal year 2025 executive budget. He acknowledges the presence of senior deputy directors …
4:58:00
·
26 sec
Challenges faced in the budget cycle: The asylum seeker crisis
Jiha outlines the unprecedented challenges faced in the budget cycle, with a focus on the massive influx of asylum seekers and the associated costs. He details the increasing numbers of …
4:58:28
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126 sec
Measures taken to balance the budget and stabilize finances
Jiha details the tough but necessary decisions made to stabilize the city's finances in response to the budget gap. He outlines various measures implemented to reduce expenses and manage the …
5:00:35
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127 sec
Current state of the FY2025 budget and future outlook
Jiha presents the current state of the FY2025 budget, highlighting the stabilization of city finances and a more positive outlook compared to the previous fall. He details the balanced budget …
5:02:44
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101 sec
Economic resilience and its impact on tax revenues
Jiha discusses the unexpected economic resilience despite Federal Reserve contractionary monetary policies. He explains how this resilience has positively impacted tax revenues and contributed to the city's financial stability. - …
5:04:27
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119 sec
Funding of critical long-term educational programs
Jiha outlines the city's efforts to fund critical long-term educational programs, particularly those previously supported by expiring federal stimulus. He emphasizes the importance of maintaining these programs despite the end …
5:06:26
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86 sec
Restoration of funding for various programs and initiatives
Jiha details the restoration of funding for various programs and initiatives, made possible by the stabilized fiscal outlook. He highlights key areas where funding has been reinstated or expanded. - …
5:07:53
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117 sec
Initiatives to improve city livability and support small businesses
Jiha outlines various initiatives aimed at improving city livability for working-class people and supporting small businesses. These initiatives span from debt relief to community development efforts. - Funding for the …
5:09:51
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35 sec
Implementation of climate budgeting
Jiha introduces the city's implementation of climate budgeting, positioning New York City as a leader in this area. He explains how this new tool will be integrated into the budget …
5:10:27
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51 sec
Current economic challenges and risks
Jiha outlines the current economic challenges and risks facing the city, emphasizing that despite improvements, there are still concerns for the future. He highlights various economic indicators and potential issues. …
5:11:19
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94 sec
Conclusion and future outlook
Jiha concludes his testimony by emphasizing the need for continued caution and strong fiscal management. He summarizes the key points and expresses his commitment to working with the council on …
5:12:54
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58 sec
Q&A on asylum seeker response and budget savings
Council Member Adams inquires about the $586 million in savings on asylum seeker costs for fiscal years 2024 and 2025. Director Jiha explains that savings were achieved through contract renegotiations …
5:14:00
·
95 sec
Council Member Adams' remarks on Early Childhood Education implementation and funding
Council Member Adams addresses the implementation and funding issues of Early Childhood Education (ECE) programs, particularly 3K and 4K. She emphasizes the need for improvement and expansion of these programs. …
5:15:36
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3 min
Q&A on OMB's commitment to Early Childhood Education (ECE) funding and expansion
Director Jiha responds to Council Member Adams' questions about committing to additional funding and seats for Early Childhood Education programs. - Jiha expresses commitment to the ECE program but cites …
5:19:33
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3 min
Q&A on establishing bimonthly meetings for ECE issues
Council Member Adams proposes regular meetings to address Early Childhood Education (ECE) operational issues, and Director Jiha responds to this request. - Adams asks for a commitment to formal bimonthly …
5:22:59
·
90 sec
Q&A on Promise NYC childcare program funding
Council Member Adams questions Director Jiha about the future funding of the Promise NYC program, which provides childcare for undocumented families. - Adams highlights that despite the program's success, funding …
5:24:29
·
137 sec
Q&A on cultural institutions funding and PEG restorations
Council Member Adams inquires about the restoration of funds for cultural institutions, particularly the Cultural Development Fund (CDF) and Cultural Institutions Group (CIG) PEGs. - Adams asks why the $4.2 …
5:26:47
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131 sec
Q&A on Older Adult Centers funding and PEG restorations
Council Member Adams questions Director Jiha about the PEGs (Program to Eliminate the Gap) affecting Older Adult Centers (OACs) funding and their potential impacts. - Adams inquires about the breakdown …
5:28:58
·
5 min
Discussion on economic forecasts and tax revenue projections
Council Member Brannan and OMB Director Jiha engage in a discussion about New York City's economic forecasts and tax revenue projections for FY25. Brannan highlights the council's more optimistic economic …
5:33:58
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6 min
Analysis of Fiscal Year 2024 PIT and PTET forecasts
Council Member Brannan inquires about OMB's forecasts for Personal Income Tax (PIT) and Pass-Through Entity Tax (PTET) for Fiscal Year 2024. Director Jiha expresses concern about the current trends and …
5:40:21
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108 sec
Discussion on city workforce vacancy rates and PS accruals
Council Member Brannan and Director Jiha discuss the city's workforce vacancy rates and potential savings from Personal Services (PS) accruals. Jiha explains that expected savings will be lower than in …
5:42:10
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178 sec
Examination of city hiring policies and 2-for-1 hiring freeze
Council Member Brannan inquires about the city's current hiring policies, particularly the 2-for-1 hiring freeze. Director Jiha confirms that the policy is still in effect and explains its necessity given …
5:45:10
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97 sec
Debate over water rental payments and water system bond ratings
Council Member Brannan and Director Jiha engage in a detailed discussion about the reinstatement of water rental payments and their impact on water rates. Jiha defends the decision as necessary …
5:46:47
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5 min
Scrutiny of NYPD overtime spending and budget allocation
Council Member Brannan questions Director Jiha about the significant increase in NYPD overtime spending and the process of budgeting for it. Jiha defends the current approach, citing unpredictable events that …
5:52:05
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4 min
Exploring precinct-level budgeting for NYPD overtime
Council Member Brannan inquires about the possibility of budgeting NYPD overtime at the precinct level, following up on a statement made by the NYPD at a previous hearing. Director Jiha …
5:56:53
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40 sec
Discussion on affordable housing capital funding and state budget impact
Council Member Sanchez inquires about the impact of the state budget's additional $14 billion debt capacity on affordable housing funding. Director Jiha explains the constraints and challenges in allocating funds …
5:57:44
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3 min
Updates on HPD term sheets for affordable housing programs
Council Member Sanchez inquires about updates to various HPD term sheets for affordable housing programs. OMB Senior Deputy Director Tara Boirard provides information on the status of updates for different …
6:01:16
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44 sec
Follow-up on DOB revenue generation proposals
Council Member Sanchez follows up on previously discussed DOB revenue generation proposals, including a failure to gain access penalty and changes to the Local Law 11 fine schedule. OMB officials …
6:02:01
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128 sec
Discussion on cuts to criminal justice programs
Council Member Yusef Salaam questions OMB Director Jacques Jiha about cuts to criminal justice programs, including reentry services, supervised release, and alternatives to incarceration. Jiha explains that savings often come …
6:04:45
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81 sec
Discussion on criminal justice program coordination
Council Member Yusef Salaam inquires about the coordination of criminal justice programs across multiple agencies, following the move of some programs out of the Mayor's Office of Criminal Justice (MOCJ). …
6:06:07
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52 sec
Discussion on crime victim services programs funding
Council Member Yusef Salaam raises concerns about baseline reductions to crime victim services programs and their potential impact on service provision. OMB Director Jacques Jiha responds by explaining the administration's …
6:07:00
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4 min
Council member questions DOT Street's Plan progress and funding
Council Member Brooks-Powers inquires about the Department of Transportation's progress on the Street's Plan, highlighting the failure to meet requirements for bus lanes and bus stop upgrades. She questions whether …
6:11:44
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3 min
Council member presses for commitment on Far Rockaway trauma hospital
Council Member Brooks-Powers inquires about funding and commitment for a trauma hospital in Far Rockaway, emphasizing the community's need and the administration's previous support. Director Jiha acknowledges the challenge but …
6:12:52
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4 min
Council Member Williams questions budget cuts to human rights commissions
Council Member Nantasha Williams inquires about budget cuts to the Commission on Human Rights (CCHR) and the Equal Employment Practices Commission (EEPC), emphasizing their crucial roles and small budgets. OMB …
6:17:19
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4 min
Details of DSS pilot program for shelter residents
Council Member Diana Ayala inquires about a recently announced DSS pilot program that offers financial assistance to shelter residents to help them transition out of shelters. OMB Director Jacques Jiha …
6:22:25
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3 min
Communication and potential expansion of DSS pilot program
Council Member Diana Ayala expresses frustration about the lack of communication regarding the DSS pilot program and inquires about its potential expansion. Director Jacques Jiha acknowledges the concern and discusses …
6:25:40
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75 sec
Funding reductions for Community Food Connections Program
Council Member Diana Ayala expresses concern over the planned reduction in funding for the Community Food Connections Program (CFC) and questions the rationale behind it. OMB Director Jacques Jiha explains …
6:26:56
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3 min
Council member inquires about education funding decisions
Council Member Rita Joseph questions OMB Director Jacques Jiha about the rationale behind baseline funding decisions for education programs. Jiha explains that funding limitations necessitate prioritization, with some programs receiving …
6:30:15
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175 sec
Discussion on federally funded positions in NYC schools
Council Member Rita Joseph inquires about the status of federally funded positions in New York City public schools. The discussion centers around 3,000 out of 3,255 positions currently tied to …
6:33:25
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51 sec
Inquiry into funding for restorative justice programs
Council Member Rita Joseph questions the decision to fund Project Pivot while not restoring expiring funds for restorative justice programs. OMB Director Jacques Jiha explains the challenges of allocating limited …
6:34:17
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74 sec
Council member highlights need for school nurses funding
Council Member Rita Joseph briefly raises the issue of funding for school nurses, mentioning a figure of $65 million for every school. OMB Director Jacques Jiha acknowledges the statement without …
6:35:31
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13 sec
Council Member Stevens questions OMB Director Jiha on DYCD budget cuts and program impacts
Council Member Althea Stevens questions OMB Director Jacques Jiha about the $44.4 million in cuts to the Department of Youth and Community Development (DYCD) programs, focusing on the impact on …
6:35:57
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4 min
Council Member Hanks questions OMB on Staten Island projects
Council Member Kamillah Hanks engages in a Q&A session with OMB Director Jacques Jiha, focusing on critical projects and funding needs for Staten Island. Hanks inquires about capital projects for …
6:40:25
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3 min
Council member questions mental health funding and budget allocations
Council Member Linda Lee questions OMB Director Jacques Jiha about mental health funding in the city budget. She highlights the importance of mental health services and their potential to save …
6:43:51
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176 sec
Discussion on coordination of mental health services across city agencies
Council Member Linda Lee raises concerns about the coordination of mental health services across various city agencies. She emphasizes the need for better oversight and suggests the possibility of appointing …
6:46:47
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60 sec
Inquiry into clubhouse funding and RFP process
Council Member Linda Lee inquires about the funding and RFP process for clubhouses, noting a discrepancy between requested expansions and actual allocations. She seeks clarity on OMB's oversight of the …
6:47:47
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36 sec
Questions on allocation of opioid settlement funding
Council Member Linda Lee raises concerns about the lack of detailed information on the allocation of opioid settlement funding. She requests a comprehensive breakdown of how the $90 million allocated …
6:48:23
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54 sec
Council member Krishnan addresses parks department budget cuts
Council Member Shekar Krishnan expresses concern over the $55 million budget cut to the parks department, highlighting the importance of parks for sanitation and public safety. He emphasizes the contradiction …
6:49:29
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79 sec
Discussion on the Second shift program for park cleaning
Council Member Krishnan inquires about the cut to the Second shift program, which provides additional cleaning for 100 hot spot parks until 7 PM on weekends. Director Jiha explains the …
6:50:49
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3 min
Discussion on parks department hiring policies and attrition
Council Member Krishnan raises concerns about the parks department's inability to hire as people leave, unlike other agencies. He emphasizes the impact on workers and park maintenance, and asks if …
6:54:32
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130 sec
Council Member Restler's opening remarks on budget cut impacts
Council Member Lincoln Restler opens the session by acknowledging the budget hearings and expressing serious concerns about the harmful effects of recent budget cuts on New York City communities. He …
6:56:45
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84 sec
Council Member Restler's inquiry about 3K program cuts
Council Member Lincoln Restler questions the impact of the proposed $170 million cut to the 3K program, expressing concern about seat availability for the 43,000 applicants. - Highlights previous cuts …
6:58:09
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46 sec
OMB Director Jiha's defense of budget management decisions
Director Jacques Jiha of the Office of Management and Budget defends the administration's approach to budget cuts, emphasizing the seriousness of the financial situation and the careful consideration given to …
6:58:56
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57 sec
Debate over budget surplus and impact of cuts
Council Member Restler and Director Jiha engage in a heated debate about the necessity and impact of budget cuts, with Restler arguing that there is a budget surplus while Jiha …
6:59:53
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43 sec
Discussion on fiscal management and credit ratings
Director Jiha defends the city's fiscal management, citing positive feedback from Wall Street and rating agencies as evidence of their success. - Jiha argues that independent rating agencies have given …
7:00:36
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23 sec
Explanation of budget savings and asylum seeker costs
Director Jiha provides a detailed explanation of the city's budget savings and the significant costs associated with the asylum seeker crisis, defending the necessity of budget cuts. - Jiha argues …
7:00:59
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147 sec
Clarification on 3K program cuts and seat guarantees
Council Member Restler seeks clarification on the impact of 3K cuts and asks if there's a guarantee for seats for all applicants. Director Jiha responds with the administration's approach to …
7:03:30
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39 sec
Council Member's concerns about 3K seat availability
Council Member Restler expresses strong concerns about the availability of 3K seats and criticizes the additional $170 million cut to the program. - Restler points out that in the current …
7:04:09
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54 sec
Debate over empty 3K seats and resource allocation
Director Jiha and Council Member Restler engage in a heated debate about empty 3K seats and resource allocation, with Jiha defending the administration's approach and Restler challenging it. - Jiha …
7:05:03
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79 sec
OMB's explanation of 3K program management and budget constraints
Senior Deputy Director Latonia McKinney provides a detailed explanation of the 3K program management and budget constraints, followed by Council Member Restler's rebuttal and final arguments. - McKinney explains the …
7:06:24
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3 min
Council Member Abreu advocates for community composting funding
Council Member Shaun Abreu passionately advocates for the restoration and baseline funding of community composting programs, emphasizing their importance in conjunction with the expansion of curbside composting. He argues that …
7:10:07
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166 sec
Council Member Brannan questions OMB Director about litter basket pickup funding
Council Member Justin Brannan engages in a heated discussion with OMB Director Jacques Jiha regarding the annual funding for litter basket pickups in New York City. Brannan expresses frustration over …
7:12:57
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3 min
Council member questions MOC budget cuts and staffing reductions
Council Member Julie Won inquires about the significant budget reduction and staffing cuts in the Mayor's Office of Contracts (MOC) for fiscal year 2025. She expresses concern over the potential …
7:16:17
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39 sec
Discussion on nonprofit payment delays and contract registration backlog
Council Member Julie Won raises concerns about nonprofit payment delays and contract registration backlog, questioning how these issues will be addressed given the reduced MOC budget and staffing. - OMB …
7:16:56
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3 min
Concerns raised over Passport system implementation and funding
Council Member Julie Won expresses concerns about the implementation and funding of the Passport system for contract processing and questions the administration's commitment to it. - Won emphasizes the importance …
7:20:21
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151 sec
Inquiry into status of 3K contract with Accenture
Council Member Julie Won inquires about the status of the 3K contract with Accenture, originally awarded during the de Blasio administration for reporting and analysis on rightsizing 3K seats throughout …
7:22:53
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54 sec
Discussion on BeHeard program budget and management
Council Member Brewer inquires about the BeHeard program's budget, management, and potential expansion. Director Jiha provides information on the program's budget and coordination among city agencies. - BeHeard program budget …
7:23:52
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108 sec
Inquiry into mental health funding and clubhouse programs
Council Member Brewer raises concerns about funding for mental health programs, specifically clubhouses and Mainchance. Director Jiha commits to providing information on mental health budgets and headcounts across city agencies. …
7:25:40
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72 sec
Allocation of state funding for class size reduction
Council Member Brewer inquires about the allocation of $2 billion in state funding for capital construction related to class size reduction. Director Jiha indicates that the process is still in …
7:26:52
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23 sec
Department of Investigation funding and staffing changes
Council Member Brewer inquires about changes in funding and staffing for the Department of Investigation. Director Jiha explains the collaborative process with the DOI commissioner to meet the agency's needs. …
7:27:15
·
101 sec
Inquiry on legal cannabis store revenue for New York City
Council Member Brewer asks about the revenue generated for New York City from legal cannabis stores. Director Jiha admits to lacking specific information on this topic. - OMB does not …
7:28:56
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27 sec
Manhattan office vacancies and long-term impact on property taxes
Council Member Brewer inquires about OMB's expectations for the Manhattan office market and its impact on property tax revenue. Director Jiha provides insights on their conservative projections and potential mitigating …
7:29:23
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121 sec
Concerns raised about 3K program waitlists and capacity
Council Member Brewer highlights issues with the 3K program, using PS 185 in Harlem as an example of capacity problems and unmet demand. Director Jiha acknowledges the need for collaborative …
7:31:25
·
61 sec
Discussion on immigration legal services funding and allocation
Council Member Alexa Avilés inquires about the funding for immigration legal services in the executive plan for fiscal years 2024 and 2025. OMB Director Jacques Jiha provides some information but …
7:32:32
·
6 min
Request for increased funding for adult literacy programs
Council Member Alexa Avilés raises concerns about the proposed reduction in funding for adult literacy programs and requests an increase in the budget allocation. OMB Director Jacques Jiha acknowledges the …
7:39:30
·
3 min
Discussion on human services cost of living adjustment funding and providers
Council Member Amanda Farías discusses the newly baselined funding for human services cost of living adjustments (COLA) for contracted nonprofits with OMB Director Jacques Jiha. The conversation covers the amount …
7:43:28
·
80 sec
Implementation details and timeline for human services COLA
Council Member Farías inquires about the implementation timeline and details of the human services cost of living adjustment (COLA) with OMB Director Jiha. The discussion covers the expected start date, …
7:44:48
·
108 sec
Department of Aging budget and older adult center contracts
Council Member Farías discusses the Department of Aging budget with OMB Director Jiha, focusing on the decrease in funding due to expiring federal pandemic-related funds and concerns about older adult …
7:46:38
·
168 sec
NYC tourism and conventions budget cuts and restoration
Council Member Farías expresses concern about the Program to Eliminate the Gap (PEG) cuts to the NYC Tourism and Conventions budget, emphasizing the importance of tourism to the city's economy. …
7:49:27
·
78 sec
Advocacy for NYCHA Capital budget and community center funding
Council Member Farías advocates for reconsideration of the NYCHA Capital budget, particularly focusing on funding for community centers. She emphasizes the importance of safe spaces for youth and older adults …
7:50:45
·
86 sec
Discussion on school food funding and federal reimbursement
Council Member Brannan inquires about the $25 million increase in school food funding and why it wasn't baselined across the plan period. Director Jiha explains that the funding depends on …
7:52:13
·
139 sec
Inquiry about Medicaid adjustment for H&H
Council Member Brannan asks about the $150 million Medicaid adjustment for H&H in FY24. Director Jiha is unable to provide a detailed answer and promises to follow up with more …
7:54:33
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47 sec
Discussion on CCRB funding adjustment
Council Member Brannan inquires about the additional $1.6 million for CCRB in FY25. Director Jiha explains that the funding is for realignment and to address structural issues. - The $1.6 …
7:55:21
·
40 sec
Discussion on CUNY budget reduction and program funding
Council Member Brannan raises concerns about the $167.7 million reduction in CUNY's FY25 budget compared to FY24. Director Jiha acknowledges the success of programs like CUNY Reconnect and expresses willingness …
7:56:04
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53 sec
Discussion on NYCHA security guard services for senior developments
Council Member Brannan inquires about the cancellation of unarmed security guard services at 55 NYCHA senior developments. OMB officials explain the situation and funding considerations. - NYCHA is canceling unarmed …
7:56:58
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112 sec
Inquiry about city's debt limit and TFA increase
Council Member Brannan asks about the city's estimated debt limit for GEO and TFA debt combined in FY25, following the TFA increase. Director Jiha provides figures on the debt limit …
7:58:51
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70 sec
