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City Council adopts FY2025 budget and related items
1:45:11
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The New York City Council adopted the FY2025 budget and related items with varying levels of support. The main budget items passed overwhelmingly, while some specific resolutions and introductions had more opposition. The budget was officially declared adopted at 4:07 PM on June 30, 2024.
- General order calendar items: 49 in favor, 0 against, 0 abstentions
- Introduction 962 (Home Preservation and Debt Resolution Reform Act): 47 in favor, 2 against, 0 abstentions
- M57 and Resolution 496 (Fixing the tax rate for FY2025): 40 in favor, 9 against, 0 abstentions
- Resolution 44: 48 in favor, 1 against, 0 abstentions
- M49: 48 in favor, 1 against, 0 abstentions
- Resolutions 482, 483, 485, 486, 487, 488 (Adjusting base proportion, base percentage, and setting interest rates): 40 in favor, 9 against, 0 abstentions
- M42 and M43 with accompanying resolutions (expense, revenue, and contract budget and capital budget): 46 in favor, 3 against, 0 abstentions
Amanda Farías
1:45:11
Thank you.
1:45:11
1 moment as we tally.
1:45:27
All items on today's general order calendar are adopted by a vote of 49 in the affirmative, 0 in the negative, and 0 abstentions with the exception of introduction and 962, which was adopted by a vote of 47 in the affirmative 2 in the negative and 0 abstentions, and M57 and resolution 496, which was adopted by about a 40 in the affirmative, 9 in the negative, and 0 abstentions, and Resolution 44.
1:45:51
Which was adopted by a vote of 48 in the affirmative and 11 in the negative and 0 abstentions and M49, which was adopted by a vote of 48 in the affirmative, 1 in negative and 0 abstentions and pesos 4802, 483, 485, 486, 487, and 48 8, which was adopted by a vote of 40 in the affirmative, 9 in the negative, and 0 abstentions, and m is 42 43 with accompanying resolutions, which was adopted by a vote of 46 in the affirmative, 3 in the negative, and 0 abstentions.
1:46:29
I now formally declare that the executive expense revenue contracts budget the executive capital budget and the community development program for fiscal year 2025, all as modified and all in accordance with the New York city charter have been hereby adopted as of 4:0:7 PM on this 30th day of June 2024.