New York City Council
Committee on Finance
Dec 19, 2024
·
10:30 AM
38 min
Summary
A vote. The committee passes budget modifications, Business Improvement District (BID) expenditure increases, and a resolution supporting the National Infrastructure Bank Act.
Features testimony from the Department of Small Business Services (SBS), Madison Avenue BID, Coalition for a National Infrastructure Bank, a New York State Assembly Member, and the public.
Meeting chapters
Read summaries and watch videos for short segments that matter to you.
Council Member Justin Brannan opens Finance Committee meeting and introduces agenda items
Council Member Justin Brannan, chair of the NYC City Council Finance Committee, opens the meeting and introduces the agenda items for consideration and voting. He outlines several key pieces of …
0:00:42
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131 sec
Testimony by Calvin Brown, Deputy Commissioner for Neighborhood Development at Department of Small Business Services (SBS)
Calvin Brown, Deputy Commissioner for Neighborhood Development at SBS, testified in support of laws to increase expenditures for 9 Business Improvement Districts (BIDs) and amend the Madison Avenue BID's district …
0:04:02
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5 min
Testimony by Matthew Bauer, President of Madison Avenue BID on BID Assessment Cap Increase and Formula Change
Matthew Bauer, President of the Madison Avenue BID, testified before the NYC City Council Finance Committee to request approval for an increase in the BID's assessment cap and changes to …
0:09:42
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5 min
Council Member Powers expresses gratitude to Madison Avenue BID
Council Member Keith Powers expresses his support for the Madison Avenue BID's proposal and thanks its president, Matthew Bauer, for their partnership and advocacy in his district. He acknowledges the …
0:15:04
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38 sec
Council Member Powers extends gratitude to other BID directors
Council Member Keith Powers takes a moment to acknowledge and thank other Business Improvement District (BID) directors present at the meeting, both from his district and nearby areas. He emphasizes …
0:15:42
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31 sec
Discussion on BID assessment increases and commercial rent tax
Council Member Brewer inquires about the impact of BID assessment increases on commercial tenants and raises concerns about the commercial rent tax in Manhattan. Deputy Commissioner Brown from SBS provides …
0:16:16
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93 sec
Testimony by Alphecca Muttardy, Macroeconomist from Coalition for a National Infrastructure Bank
Alphecca Muttardy, a macroeconomist from the Coalition for a National Infrastructure Bank, testified in support of Resolution 11, which calls on Congress to pass HR 4052, the National Infrastructure Bank …
0:18:23
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74 sec
Testimony by Dr. Nomi Prins, Macroeconomist from Coalition for a National Infrastructure Bank
Dr. Nomi Prins, a macroeconomist with the Coalition for a National Infrastructure Bank, urged the committee to support Resolution 11, which calls for the passage of the National Infrastructure Bank …
0:19:44
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62 sec
Testimony by Stanley Forczek, Advisory Board Member of Coalition for a National Infrastructure Bank
Stanley Forczek, an advisory board member for the Coalition for a National Infrastructure Bank and retired Amtrak executive, provided testimony on the importance of infrastructure investment, particularly focusing on aging …
0:20:59
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127 sec
Testimony by Gene Binder, Former NYC Public School Teacher, on Infrastructure Needs in the Bronx
Gene Binder, a Bronx resident and former NYC public school teacher, testifies in support of the National Infrastructure Bank, highlighting various infrastructure needs in the Bronx. He emphasizes how the …
0:23:30
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149 sec
Testimony by Assembly Member Jo Anne Simon from New York State Assembly on National Infrastructure Bank
Assembly Member Jo Anne Simon testifies in support of the National Infrastructure Bank, highlighting its potential to address critical housing and infrastructure needs in New York City and State. She …
0:26:09
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133 sec
Question about potential funding for New York from the National Infrastructure Bank
Council Member Justin Brannan asks Assembly Member Jo Anne Simon about the potential funding New York could receive from the National Infrastructure Bank. Simon explains that the amount would depend …
0:28:22
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91 sec
Testimony by Paperboy Love Prince, Founder of Paperboy Prince Love Gallery
Paperboy Love Prince, an artist and activist from Brooklyn, critiqued New York City's budget allocation and effectiveness in addressing various issues such as mental health, homelessness, and education. They emphasized …
0:32:01
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4 min
Vote outcome: All items adopted by the Finance Committee
The Finance Committee voted to adopt all items under consideration. The voting results were as follows: - All items except Resolution 11: 15 in favor, 0 against, 0 abstentions - …
0:38:15
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27 sec
