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Councilmember Brannan opens the Finance Committee hearing on the FY 2026 preliminary budget
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Councilmember Justin Brannan, Chair of the Committee on Finance, opens the hearing on the FY 2026 preliminary budget. He introduces the agenda, acknowledges his colleagues and the Finance Division staff, and provides a brief overview of the budget amount.
- The hearing will include testimony from OMB, the Controller, IBO, Department of Finance, and the public.
- Brannan extensively thanks the Finance Division staff for their work in preparing for the hearing.
- The preliminary budget for FY 2026 is $114.5 billion, which is $2.1 billion less than the current year's budget.
Justin Brannan
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Thank you, sergeant.
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Okay.
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Good morning and welcome to today's hearing of the committee on finance on the f y twenty six preliminary budget.
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I'm Councilmember Brannan.
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I chair the Committee on Finance.
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We have a full agenda today.
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We'll hear from the Office of Management and Budget, the Controller, the Independent Budget Office, the Department of Finance, and of course, and most importantly, the public.
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Before we begin, I want to remind members of the public who wish to testify in person to please fill out a witness slip with, the sergeant at arms.
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And at this time, I'd like to introduce my colleagues and extend my sincere gratitude to the dedicated staff of the City Council Finance Division for their tireless efforts in preparing for today's hearing.
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This work doesn't happen on its own, and I want to acknowledge the mighty team of dedicated professionals who make it all possible, starting with our CFO, Deputy Chief of Staff to the Speaker, Tanisha Edwards Finance Director, Richard Lee Managing Director, Jonathan Rosenberg Deputy Directors, Emra Adev Chima Obichar, Paul Simone, Isha Wright assistant director Elizabeth Hoffman, chief economist Dallara Demnacu, supervising economists Paul Sturm, William Shermateng, and Andrew Wilbur, the unit heads, Aliyah Ali, Julia Hiramis, Florentine Kobore, James Reyes, and Jack Storey.
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Finance counsel, Nicholas Connell.
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My committee counsel, Brian Sarfo, and my senior advisor, John Yedin, and the many finance analysts, economists, support staff who work behind the scenes to bring everything together.
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We're here today to examine the mayor's one hundred and fourteen point five billion dollar preliminary budget for f y twenty six, which is $2,100,000,000 less than our current year budget.
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But before I go any further, I want to invite our leader speaker, Adrienne Adams, to share her opening remarks.
Adrienne Adams
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Thank you very much chair Brannan.