Your guide to NYC's public proceedings.
New York City Council
Committee on Finance
May 30, 2025
·
10:00 AM
5 hr 51 min
Summary
A hearing on the FY 2026 executive budget, focusing on the city's fiscal outlook, potential federal funding cuts, reserve funds, tax revenue projections, and various agency budgets.
Discussions covered challenges like asylum seeker costs, childcare voucher funding, property tax reform, and budget equity across communities.
Features testimony from the Office of Management and Budget (OMB), the City Comptroller, the Department of Finance, 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 FY 2026 executive budget hearings
Council Member Justin Brannan, chair of the committee on finance, opens the final day of hearings for the FY 2026 executive budget. He introduces the day's agenda, acknowledges present council …
0:00:25
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134 sec
Speaker Adams discusses budget overview and economic forecast
Speaker Adrienne E. Adams provides an overview of the FY '26 executive budget and discusses the economic forecast. She highlights the resilience of the city's economy despite federal policy uncertainties. …
0:02:40
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120 sec
Speaker Adams advocates for increased parks funding
Speaker Adams emphasizes the importance of parks to New York City and calls for increased funding to improve their maintenance and accessibility. - NYC parks receive over 100 million visits …
0:04:41
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34 sec
Speaker Adams calls for increased support for senior services
Speaker Adams highlights the importance of supporting senior citizens in New York City and calls for expanded services to address their needs. - Adams refers to seniors as the "crown …
0:05:15
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15 sec
Speaker Adams addresses public safety and criminal justice reform investments
Speaker Adams emphasizes the need for investments in public safety programs and criminal justice reform, including mental health initiatives and alternatives to incarceration. - Adams calls for following through on …
0:05:30
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45 sec
Speaker Adams advocates for investments in education and childcare
Speaker Adams emphasizes the importance of investing in education and childcare to support working families in New York City. - She calls for full investment in public schools, child care …
0:06:16
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28 sec
Speaker Adams highlights additional budget priorities and concludes remarks
Speaker Adams outlines several other priority areas for budget consideration and concludes her remarks. - She emphasizes the need to prioritize CUNY, NYCHA, and housing investments in the final budget. …
0:06:45
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42 sec
Chair Brannan presents the Council's economic and tax forecast
Finance Chair Justin Brannan introduces the Council's economic and tax forecast for the FY '26 budget, highlighting the city's economic resilience. - The Council released its updated economic and tax …
0:07:27
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30 sec
Chair Brannan details the Council's revenue projections
Finance Chair Brannan provides detailed revenue projections based on the Council's economic and tax forecast. - The Council projects $1.7 billion more in tax revenue for FY '25 and '26 …
0:07:58
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35 sec
Chair Brannan discusses the city's economic outlook
Finance Chair Brannan provides an overview of the city's economic outlook based on the Council's forecast. - The Council projects tax revenue to grow at an average of 4.5% annually …
0:08:34
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23 sec
Chair Brannan outlines budget priorities and concludes opening remarks
Finance Chair Brannan emphasizes key budget priorities and concludes his opening remarks for the executive budget hearing. - Brannan stresses the importance of preserving neighborhood cornerstones like parks, libraries, and …
0:08:57
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61 sec
Introduction and overview of the FY 2026 executive budget
Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, presents the FY 2026 executive budget to the city council. He outlines a balanced budget of $115.1 billion with …
0:10:28
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72 sec
Economic outlook and tax revenue projections for New York City
Director Jiha presents a positive economic outlook for New York City, highlighting strong employment, rebounding population, and recovering tourism. This economic growth has led to increased tax revenue projections. - …
0:11:42
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72 sec
Savings measures and fiscal discipline in the executive budget
Director Jiha emphasizes the administration's priority on achieving savings without service cuts or layoffs. He outlines the total savings and highlights fiscal discipline in budget planning. - Total savings of …
0:12:55
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70 sec
Investments in critical services and vulnerable communities
Director Jiha outlines the city's investments in critical services, emphasizing support for vulnerable community members and essential service providers. He highlights the balanced approach to spending and investment. - Nearly …
0:14:06
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109 sec
Public safety initiatives and criminal justice funding
Director Jiha details the city's investments in public safety and criminal justice initiatives, emphasizing a comprehensive approach to community safety and support for law enforcement and justice systems. - Strengthened …
0:15:56
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62 sec
Investments in city cleanliness and parks maintenance
Director Jiha outlines the administration's commitment to improving city cleanliness and park maintenance through targeted funding and initiatives. - Baseline support for litter basket pickup throughout the city - Funding …
0:16:58
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37 sec
Senior services and food security programs
Director Jiha highlights the city's investments in services for older New Yorkers and efforts to combat food insecurity across the city. - Over $100 million annually added to backfill expired …
0:17:36
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34 sec
Transportation funding and Fair Fares program
Director Jiha briefly addresses the city's commitment to affordable transportation through the Fair Fares program and support for youth employment participants. - Maintained funding for the Fair Fares program to …
0:18:11
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15 sec
Education and childcare investments
Director Jiha outlines significant investments in education and childcare, including funding for CUNY, cultural programs, libraries, and various education initiatives. - Restored funding for CUNY and maintained support for ACE …
0:18:26
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130 sec
Investment in adult literacy programming
Director Jiha briefly mentions the city's investment in adult literacy programming, recognizing its importance for social and economic mobility. - Commitment to funding adult literacy programs - Recognition of reading, …
0:20:37
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10 sec
Challenges and risks to the city budget
Director Jiha outlines significant challenges and risks facing the city's budget, including asylum seeker costs, state budget impacts, and potential economic threats. - Ongoing care for over 38,000 asylum seekers …
0:20:48
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108 sec
Federal funding risks and potential impact on city services
Director Jiha highlights the significant risks posed by potential federal funding cuts and changes to grant requirements, emphasizing the city's limited ability to backfill federal funding. - Review of federal …
0:22:38
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89 sec
Conclusion and future budget considerations
Director Jiha concludes his testimony by acknowledging the serious challenges ahead and expressing his commitment to working with the city council on budget priorities. - Emphasis on the inability of …
0:24:08
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36 sec
Council member questions administration's two for one hiring policy and its impact on city services
Council Member Adrienne E. Adams questions Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, about the city's two for one hiring policy. They discuss its impact on …
0:25:04
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3 min
Council Member Adams questions OMB on NYPD staffing and vacancy issues
Council Member Adrienne E. Adams inquires about the NYPD's plan to fill vacancies in both uniformed and civilian positions, including 911 operators. Jacques Jiha from the Mayor's Office of Management …
0:28:10
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71 sec
Council Member Adams inquires about child care voucher funding and state budget implications
Council Member Adrienne E. Adams inquires about the child care voucher funding shortfall and its relation to the recently enacted state budget. Director Jacques Jiha of the NYC Mayor's Office …
0:29:22
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99 sec
Council Member Adams questions OMB Director on child care voucher costs and waitlists
Council Member Adrienne E. Adams engages in a Q&A session with Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, regarding child care voucher expenditures and waitlists. Jiha …
0:31:01
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3 min
Council Member Adams questions OMB Director on school funding commitments
Council Member Adrienne E. Adams engages in a brief Q&A session with Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, regarding school funding for the upcoming school …
0:34:44
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34 sec
Council Member Adams questions OMB on state budget housing funds
Council Member Adrienne E. Adams inquires about the Office of Management and Budget's (OMB) role in managing over $1 billion in additional capital funding for housing from the state budget. …
0:35:23
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87 sec
Council discusses potential federal funding cuts and city's response plan
Council Member Adrienne E. Adams and Jacques Jiha from the NYC Mayor's Office of Management and Budget discuss the potential impact of federal funding cuts on the city's budget and …
0:37:06
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3 min
Council Member Adams questions OMB Director on homeless shelter costs and housing strategies
Council Member Adrienne E. Adams engages in a Q&A session with Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, regarding the city's approach to homelessness. The discussion …
0:40:19
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3 min
Council Member Adams questions OMB on public safety investments and mental health programs
Council Member Adrienne E. Adams questions OMB Director Jacques Jiha about public safety investments to close Rikers Island and address the city's mental health crisis. The discussion focuses on the …
0:43:26
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3 min
Council Member Adams inquires about funding for justice involved supported housing
Council Member Adrienne E. Adams inquires about the administration's plans to use state budget funding for justice involved supported housing (JISH), particularly regarding the promised 380 additional units. Jacques Jiha, …
0:46:41
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50 sec
Council Member Brannan questions OMB on credit ratings and long-term liabilities
Council Member Justin Brannan engages in a Q&A session with Jacques Jiha from the Mayor's Office of Management and Budget, focusing on the potential impacts of the US credit downgrade …
0:47:31
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179 sec
Council Member Brannan inquires about taxable bonds and interest rates
Council Member Justin Brannan questions Jacques Jiha from the NYC Mayor's Office of Management and Budget about taxable bonds, their uses, and interest rates. Jiha explains the types of projects …
0:50:33
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73 sec
Council Member Brannan questions OMB Director on city's financial reserves and bond ratings
Council Member Justin Brannan engages in a Q&A session with Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, discussing the city's financial reserves, their impact on bond …
0:51:46
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177 sec
Council Member Brannan questions OMB Director on budget savings and write-offs
Council Member Justin Brannan questions Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, about the significant increase in savings from writing off prior year receivables and expenses …
0:54:46
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70 sec
Council Member Brannan questions OMB Director on home health care employment and policy impacts
Council Member Justin Brannan inquires about the implications of recent changes to New York State's Consumer Directed Personal Assistance Program (CDPAP) on the city's home health care job growth. OMB …
0:56:03
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91 sec
Council Member Brannan questions OMB Director Jiha on tax revenue forecasts
Council Member Justin Brannan inquires about the significant increase in tax revenue forecasts for FY '25, particularly the $1.7 billion increase in the executive plan. OMB Director Jacques Jiha explains …
0:57:38
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134 sec
Council Member Brannan questions OMB on sales tax forecast and tariff impacts
Council Member Justin Brannan inquires about the executive plan's downward revision of the city's sales tax forecast and the potential impacts of the Trump administration's tariffs on consumer prices in …
0:59:52
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38 sec
Council Member Brannan questions OMB Director on mayor's cryptocurrency announcement
Council Member Justin Brannan questions Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, about the mayor's recent announcement regarding "bit bonds" and cryptocurrency investments. Jiha emphasizes that …
1:00:33
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155 sec
Council Member Brooks-Powers questions OMB Director on DOT funding and budget commitments
Council Member Selvena N. Brooks-Powers questions Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, about various budget-related issues. The discussion covers funding for the Department of Transportation's …
1:03:09
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4 min
Council Member Ayala raises concerns about inequitable sanitation budget allocation
Council Member Diana I. Ayala expresses concerns about the inequitable distribution of sanitation resources across different districts in New York City. She highlights the need for additional resources in high-density …
1:07:42
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135 sec
Council Member Ayala inquires about funding for asylum seeker response help center
Council Member Diana I. Ayala questions the administration about the funding and expenditures for the asylum seeker response help center. The discussion reveals that the center's funding comes from the …
1:10:00
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100 sec
Closure of asylum application health center and transition plan
Council Member Ayala inquires about the reasons for closing the asylum application health center and the city's plans to address ongoing needs. Director Jiha explains that the closure is due …
1:11:40
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32 sec
Funding for MOYA's asylum seeker services
Council Member Ayala inquires about additional funding resources for MOYA (Mayor's Office of Immigrant Affairs) to continue providing services to asylum seekers. Director Jiha provides information on the funding allocated …
1:12:13
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12 sec
State funding allocation and reimbursement for asylum seeker response
Council Member Ayala questions Director Jiha about the discrepancy between the state's allocated funds for asylum seeker response and the amount drawn down by the city. Jiha explains the complexities …
1:12:26
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123 sec
Challenges in the process of claiming state funds for asylum seeker response
Director Jiha elaborates on the challenges in the process of claiming state funds for asylum seeker response, explaining why there's a delay in receiving the full allocated amount. Council Member …
1:14:29
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105 sec
Total spending and claiming of funds for asylum seeker response
Council Member Ayala asks for clarification on the total amount spent and claimed from the state allocation for asylum seeker response. Director Jiha provides detailed figures and explains the current …
1:16:15
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43 sec
Council Member Ayala questions OMB Director on asylum seeker budget shifts
Council Member Diana I. Ayala questions Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, about recent budget shifts related to the city's asylum seeker response efforts. They …
1:16:58
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118 sec
Council member questions funding levels for Community Food Connection program
Council Member Diana I. Ayala expresses concerns about the funding levels for the Community Food Connection (CFC) program in the executive budget. OMB Director Jacques Jiha responds with details on …
1:18:56
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3 min
Council member inquires about budgeting practices for entitlement programs
Council Member Diana I. Ayala questions OMB Director Jacques Jiha about the budgeting practices for key entitlement programs, particularly focusing on the issue of under-budgeting and the need for additional …
1:22:33
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155 sec
Council Member Farías questions OMB on maternal health program funding
Council Member Amanda Farías inquires about the lack of additional funding for maternal health programs in the executive budget, despite the council's request for $15.7 million in baseline funding. OMB …
1:25:17
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162 sec
Council Member Farías discusses NYC tourism numbers and budget concerns
Council Member Amanda Farías addresses the anticipated decrease in tourism numbers for New York City, particularly in international visitors. She questions the administration's decision to only partially restore funding for …
1:27:59
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56 sec
Director Jiha responds to tourism funding and World Cup commitment concerns
Director Jacques Jiha addresses Council Member Farías' concerns about tourism funding and the World Cup commitment. He explains the administration's stance on working with NYCTC and the reasons behind the …
1:28:56
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47 sec
Council Member Farías inquires about full restoration of NYCTC budget
Council Member Amanda Farías follows up on the previous discussion, emphasizing NYCTC's request for full budget restoration and the potential consequences of not meeting this request. - Mentions an email …
1:29:43
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45 sec
OMB explains current tourism budget allocation
Senior Deputy Director Tara Boirard provides an explanation of the current budget allocation for tourism, addressing Council Member Farías' concerns about full restoration. - Details that $3 million was added …
1:30:28
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27 sec
Debate over tourism budget restoration and its impact on city revenue
Council Member Farías and OMB officials engage in a debate about the restoration of NYCTC's budget and the potential impact of reduced tourism on city revenue. - Farías emphasizes the …
1:30:56
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62 sec
Director Jiha commits to collaborating with NYCTC on international tourism
Director Jacques Jiha expresses a commitment to work with NYCTC on plans to boost international tourism in New York City. - Affirms willingness to continue working with NYCTC - Offers …
1:31:58
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13 sec
Council Member Farías outlines follow-up actions on NYCTC funding
Council Member Amanda Farías concludes the discussion by outlining her intended follow-up actions regarding NYCTC's funding needs. - Commits to following up with NYCTC to gather more detailed information about …
1:32:11
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12 sec
Council Member Carr questions Director Jiha on road resurfacing and e-waste programs
Council Member David M. Carr engages in a Q&A session with Director Jacques Jiha, focusing on two main topics: road resurfacing and curbside e-waste collection in New York City. Carr …
1:44:50
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4 min
Council Member Louis questions OMB on maternal health, Women Forward NYC, and gender-affirming care funding
Council Member Farah Louis engages in a Q&A session with Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, regarding budget allocations for maternal health psychologists, the Women …
1:49:42
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3 min
Council member questions OMB director about funding for Commission on Racial Equity
Council Member Nantasha M. Williams inquires about the lack of additional funding for the Commission on Racial Equity (CORE) despite their request for five additional staff lines. Director Jacques Jiha …
1:53:25
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111 sec
Council member and OMB director discuss funding for Commission on Human Rights
Council Member Nantasha M. Williams raises concerns about insufficient funding for the Commission on Human Rights (CCHR), particularly in light of the current federal climate and new responsibilities such as …
1:55:16
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173 sec
Council member inquires about delayed Racial Equity Plan and its impact on budget
Council Member Nantasha M. Williams questions Director Jacques Jiha about the delayed release of the Mayor's Office of Equity and Racial Justice (MOERJ) 2024 Racial Equity Plan and its potential …
1:58:10
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108 sec
Council Member Moya welcomes PS 16 civics class to City Council hearing
Council Member Francisco P. Moya takes a moment to welcome and acknowledge a civics class from PS 16 in his district who are attending the City Council hearing. He explains …
2:00:03
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39 sec
Council Member Restler commends budget hearing process
Council Member Lincoln Restler expresses gratitude for the executive budget hearings, praising Chair Brandon and the council finance staff for their excellent work. - Restler specifically commends Chair Brandon on …
2:00:47
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14 sec
Discussion on childcare voucher funding in the adopted budget
Council Member Restler inquires about the planned funding for childcare vouchers in the adopted budget, with Director Jiha providing specific figures and confirmation of full state matching. - OMB plans …
2:01:01
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37 sec
Discussion on borough-based jails proposal and current plans
Council Member Restler inquires about the mayor's recent proposal to convert borough-based jail facilities, with Director Jiha confirming that current plans remain unchanged. - Restler asks if OMB is seriously …
2:01:40
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106 sec
Discussion on potential Rikers Island improvements and capital eligibility
Council Member Restler and Director Jiha discuss the possibility of making improvements to Rikers Island infrastructure and the legal constraints involved. - Restler suggests applying for a waiver to pursue …
2:03:26
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74 sec
Discussion on Lippman Commission recommendations in executive plan
Council Member Restler inquires about the incorporation of Lippman Commission recommendations in the executive plan, with Director Jiha confirming their consideration. - Jiha confirms that Lippman Commission recommendations were considered …
2:04:40
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35 sec
Discussion on the impact of Republican House bill on New York funding
Council Member Restler and Director Jiha discuss the potential impact of the recently passed Republican House bill on New York State funding. - OMB is continuing to assess the bill's …
2:05:15
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98 sec
Council Member Restler's concluding remarks on federal funding advocacy
Council Member Restler emphasizes the potential devastating impact of the Republican House bill on New York's budget and calls for stronger advocacy from city leadership. - Restler stresses the unprecedented …
2:06:53
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80 sec
Council Member Rita C. Joseph questions OMB Director on education funding
Council Member Rita C. Joseph engages in a Q&A session with Jacques Jiha, Director of NYC Mayor's Office of Management and Budget, regarding funding for various educational programs. The discussion …
2:08:20
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5 min
Council Member Salaam questions OMB on Harlem housing and shelter plans
Council Member Yusef Salaam engages in a Q&A session with OMB Director Jacques Jiha and his team regarding housing and infrastructure needs in Harlem. Salaam inquires about funding for specific …
2:13:36
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177 sec
Council Member Hudson presents aging population statistics and NYC Aging's capital budget
Council Member Crystal Hudson presents statistics on the growing older adult population in New York City and raises concerns about NYC Aging's capital budget. She highlights that older adults represent …
2:16:36
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44 sec
Discussion on NYC Aging's capital funding needs
Council Member Crystal Hudson and Director Jacques Jiha engage in a Q&A session about NYC Aging's capital funding needs. Jiha explains recent budget additions for various programs but admits he's …
2:17:20
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131 sec
Discussion on home delivered meals program funding and reimbursement rates
Council Member Crystal Hudson inquires about funding for the home delivered meals program, specifically regarding increasing the per meal reimbursement rate. Director Jacques Jiha indicates that OMB is open to …
2:19:32
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74 sec
Consideration of different reimbursement rates for specialized meals
Council Member Crystal Hudson inquires about the possibility of different reimbursement rates for meals that meet cultural needs and the needs of those with specific health conditions. Director Jacques Jiha …
2:20:46
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46 sec
Council member Brewer questions OMB director about Department of Investigation funding
Council Member Gale A. Brewer inquires about the lack of additional funding for the Department of Investigation (DOI) in the executive budget, despite the council's request for $3 million to …
2:21:38
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138 sec
Council member Brewer questions OMB director about DOE oversight agency funding
Council Member Gale A. Brewer raises concerns about the limited budget and staffing of the Department of Education's oversight office, known as SCI school. She emphasizes the need for increased …
2:24:05
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64 sec
Council member Brewer advocates for funding smaller clubhouses
Council Member Gale A. Brewer inquires about additional funding for smaller clubhouses, emphasizing their importance in addressing mental health issues. Director Jacques Jiha mentions that $4 million has been added …
2:25:09
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69 sec
Council member Brewer advocates for additional funding for school-based mental health clinics
Council Member Gale A. Brewer raises the issue of funding for school-based mental health clinics, emphasizing their importance in addressing mental health issues before they escalate. She notes that an …
2:26:16
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43 sec
Council member Brewer raises concerns about FEP program changes and potential shelter returns
Council Member Gale A. Brewer expresses concern about potential changes to the Family Eviction Prevention Supplement (FEP) program, where rent contributions could increase from 30% to 40%. She worries this …
2:27:00
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105 sec
Council member Brewer inquires about increased funding for food assistance programs
Council Member Gale A. Brewer raises concerns about the desperate situation of food pantries and soup kitchens, asking about potential increased allocations for food assistance. Director Jacques Jiha outlines current …
2:28:46
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53 sec
Funding for mental health mobile treatment teams
Council Member Kevin C. Riley inquires about the funding allocation for mobile treatment teams in the executive plan. The administration explains that the $47.3 million allocation is to replace expiring …
2:29:42
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73 sec
Addressing long wait times for Assertive Community Treatment
Council Member Riley raises concerns about the 93-day average wait time for individuals to enter Assertive Community Treatment (ACT) programs. The administration commits to investigating the issue. - OMB will …
2:30:55
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48 sec
Baseline funding for school-based mental health clinics
Council Member Riley inquires about baseline funding for 16 school-based mental health clinics, which are currently funded with $5 million through H&H, DOE, and DOHMH. The administration explains the challenges …
2:31:43
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78 sec
Funding decrease for the 988 mental health hotline
Council Member Riley questions the decrease in funding for the 988 mental health hotline despite increasing call volumes. The administration explains the reason for the budget reduction. - The 988 …
2:33:01
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61 sec
Co-op City's public safety and sanitation funding inquiry
Council Member Riley inquires about the potential savings for the city due to Co-op City operating its own public safety and sanitation services. He requests information to address other community …
2:34:02
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43 sec
Council member questions lack of funding for successful CUNY Reconnect program
Council Member Eric Dinowitz questions Director Jacques Jiha about the lack of funding for the CUNY Reconnect program in the executive budget. Dinowitz highlights the program's success in enrolling 47,000 …
2:34:53
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122 sec
Council member advocates for disability services funding in CUNY budget
Council Member Eric Dinowitz advocates for including $2.1 million in funding for disability services for CUNY students in the adopted budget plan. He emphasizes the importance of supporting students with …
2:37:13
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58 sec
Council member emphasizes importance of supporting CUNY enrollment amid federal challenges
Council Member Eric Dinowitz emphasizes the importance of investing in CUNY programs to counteract federal policies that may reduce enrollment of international and immigrant students. He argues for the city's …
2:39:18
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40 sec
Funding for legal services for unaccompanied immigrant minors
Council Member Diana I. Ayala inquires about funding for legal services for unaccompanied immigrant minors, highlighting the recent termination of federal support and the growing need. Director Jacques Jiha acknowledges …
2:40:06
•
131 sec
Asylum seeker work authorization applications and OASO funding
Council Member Diana I. Ayala inquires about the future of the Office of Asylum Seeker Operations (OASO) funding and staffing, given the lack of allocation in the executive budget beyond …
2:42:17
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150 sec
Emergency room expansions at Metropolitan and Elmhurst Hospitals
Council Member Diana I. Ayala discusses the urgent need for emergency room expansions at Metropolitan and Elmhurst Hospitals, highlighting the poor conditions and overcrowding at Metropolitan Hospital in her district. …
2:44:48
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122 sec
Funding request for Esplanade renovation project
Council Member Diana I. Ayala makes a final request regarding the Esplanade renovation project in East Harlem. She highlights the progress made so far and identifies a gap in the …
2:46:50
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57 sec
Q&A on MOX service desk hiring and funding
Council Member Justin Brannan inquires about the funding and hiring for the MOX service desk. Director Jacques Jiha confirms that MOX has approval to hire for all vacant positions and …
2:47:49
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64 sec
Q&A on hiring freeze and vacancy rates
Council Member Brannan inquires about vacancy rates, hiring freeze, and related budget impacts. Director Jiha agrees to provide specific information on these topics at a later time. - OMB tracks …
2:48:53
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58 sec
Q&A on DSNY bid containerization requirement
Council Member Brannan inquires about the cost analysis and potential impact of the DSNY bid containerization requirement. Director Jiha indicates ongoing work with BIDs and a commitment to collaborate with …
2:49:52
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73 sec
Q&A on NYC bin reimbursement requirement
Council Member Brannan inquires about the implementation and funding of Intro 1126-A, which requires DSNY to provide or reimburse for official NYC waste bins. Director Jiha discusses the current bin …
2:51:06
•
105 sec
Concluding remarks and acknowledgments
Council Member Brannan and Director Jiha exchange final remarks, concluding the hearing and expressing appreciation for their collaboration. - Council Member Brannan indicates he has no further questions - Both …
2:52:54
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10 sec
Council Member Brannan opens the final day of budget hearings
Council Member Justin Brannan, chair of the committee on finance, opens the thirteenth and final day of hearings on the FY 2026 executive budget. He welcomes attendees, including Controller Lander, …
3:29:24
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67 sec
Introduction and context of Comptroller's testimony
NYC Comptroller Brad Lander begins his testimony by thanking the chair and council members for the opportunity to speak. He mentions coming from the City College commencement, expressing optimism about …
3:30:50
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37 sec
Economic outlook and budget concerns
Comptroller Lander emphasizes the urgent need for strong fiscal management in New York City, citing various economic challenges and uncertainties. - The city faces potential budget deficits and larger out-year …
3:31:27
•
126 sec
Federal policy risks and potential funding cuts
Comptroller Lander outlines the significant risks posed by potential federal policy changes and funding cuts to New York City's budget and services. - He mentions the Trump administration's actions creating …
3:33:33
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3 min
Economic scenarios and revenue forecasts
Comptroller Lander presents two economic scenarios and corresponding revenue forecasts prepared by his office. - In the no-recession scenario, city revenues are projected to exceed OMB's estimates - In a …
3:36:49
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46 sec
Immigration issues and legal services funding
Comptroller Lander criticizes the mayor's approach to immigration and calls for increased funding for legal services and support for immigrant New Yorkers. - He cites the case of Dillon, a …
3:37:36
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3 min
Education funding concerns for 3-K and Pre-K programs
Comptroller Lander highlights concerns about insufficient funding for Department of Education programs, particularly 3-K and Pre-K. - He estimates that more than $150 million additional funding is needed annually in …
3:41:11
•
68 sec
Childcare voucher funding challenges
Comptroller Lander addresses the significant funding challenges for childcare vouchers resulting from changes in the state budget and poor planning. - The state budget has left a funding gap for …
3:42:19
•
113 sec
Discussion on federal policy changes and potential economic impacts on NYC
Council Member Brannan inquires about the Comptroller's office's report on Trump's tariffs and potential economic scenarios for the city. The Comptroller and his staff discuss the uncertainty surrounding federal policy …
3:44:15
•
135 sec
Examination of NYC's financial reserves and their impact on bond ratings
Council Member Brannan and the Comptroller's office discuss the city's financial reserves, their projected levels, and the potential impact on bond ratings. They explore how increased reserves might lead to …
3:46:31
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3 min
Analysis of Manhattan office vacancy rates and potential residential conversions
Council Member Brannan and the Comptroller's office discuss the high vacancy rates in Manhattan's Class A office space and the progress on office to residential conversions. They explore the potential …
3:50:11
•
3 min
Comptroller's response to mayor's surprise Bitcoin-backed bonds proposal
Council Member Brannan inquires about the mayor's unexpected announcement of Bitcoin-backed bonds made during a crypto event in Las Vegas. Comptroller Lander expresses surprise and strong opposition to the idea. …
3:53:22
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151 sec
Discussion on funding for city oversight agencies
Council Member Gale A. Brewer inquires about funding for various oversight agencies in New York City, expressing concern about insufficient staffing for investigators and attorneys. Comptroller Brad Lander responds by …
3:56:02
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136 sec
Discussion on uncollected city revenue and outstanding payments
Council Member Gale A. Brewer inquires about $2.1 billion in uncollected city revenue. Francesco Brindisi, Executive Deputy Controller for Budget and Finance, explains the components of this uncollected amount and …
3:58:18
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3 min
Addressing city-wide vacancy issues and hiring challenges
Council Member Gale A. Brewer inquires about ongoing vacancy issues across city agencies. Comptroller Brad Lander discusses the tools and processes in place to monitor and address these vacancies. - …
4:01:22
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66 sec
NYPD staffing shortages, overtime costs, and recruitment strategies
Comptroller Brad Lander discusses NYPD staffing shortages, their impact on overtime costs, and potential strategies to improve recruitment. Council Member Gale A. Brewer adds information about recent changes in recruitment …
4:02:29
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105 sec
Explanation of 3-K and Pre-K budget shortfall for FY 2026
Council Member Justin Brannan asks about the Comptroller's statement regarding a $150 million shortfall for 3-K in the FY 2026 budget. Deputy Comptroller Krista Olson explains the reasoning behind this …
4:04:16
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51 sec
Council Member Brannan introduces the final day of executive budget hearings
Council Member Justin Brannan, chair of the committee on finance, opens the thirteenth and final day of executive budget hearings. He welcomes Commissioner Preston Niblack and team, outlines the focus …
4:23:57
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51 sec
NYC Department of Finance Commissioner Preston Niblack's testimony on FY 2026 executive budget
Commissioner Preston Niblack of the New York City Department of Finance presents updates on recent activities and discusses the agency's executive budget for fiscal year 2026. He highlights progress on …
4:25:12
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6 min
Council Member Brannan questions Commissioner Niblack on budget allocations for system upgrades
Council Member Justin Brannan inquires about new budget allocations for upgrades to the summons tracking account receivable system (STARS) and pay increases for city tax auditors. Commissioner Preston Niblack explains …
4:31:29
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150 sec
Council Member Brannan questions Commissioner Niblack on auditor pay, retention, and tax enforcement
Council Member Justin Brannan engages in a Q&A session with Commissioner Preston Niblack of the New York City Department of Finance, focusing on auditor pay adjustments, retention rates, and the …
4:34:04
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4 min
Council member Brannan questions Department of Finance on tax enforcement and marijuana shop inspections
Council Member Justin Brannan questions Commissioner Preston Niblack and other officials from the Department of Finance about the Office of Tax Enforcement's budget, staffing, and involvement in marijuana shop inspections. …
4:38:17
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4 min
Council Member Brannan inquires about increased tax audit revenue projections
Council Member Justin Brannan asks Commissioner Preston Niblack of the Department of Finance about the impact of a projected increase in tax audit revenue. The projection was based on hiring …
4:42:25
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68 sec
Council Member Brannan questions Department of Finance on co-op and condo abatement revenue collection
Council Member Justin Brannan questions Department of Finance officials about revenue collection from removing ineligible co-op and condo abatement recipients. The officials provide details on collection targets, actual revenues, and …
4:43:35
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3 min
Council Member Brannan questions Commissioner Niblack on lien sales and bit bonds
Council Member Justin Brannan questions Department of Finance Commissioner Preston Niblack about the recent lien sale, including the reduction in properties at risk and the handling of potential errors. The …
4:46:39
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3 min
Council Member Williams questions Commissioner Niblack on property tax reform
Council Member Nantasha M. Williams engages in a discussion with Commissioner Preston Niblack of the NYC Department of Finance about property tax reform. They explore the city's ability to make …
4:50:45
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159 sec
Council member Williams questions Department of Finance on fine assessments and data collection practices
Council Member Nantasha M. Williams inquires about the Department of Finance's practices regarding fine assessments and data collection, particularly focusing on potential disparities among different communities. Commissioner Preston Niblack and …
4:53:24
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4 min
Council Member Brewer inquires about SCRIE and DRIE programs
Council Member Gale A. Brewer thanks Rita Jen for discussing SCRIE and DRIE programs and inquires about potential changes in Albany regarding CPI, SCRIE, and DRIE. She asks if the …
4:59:04
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24 sec
Discussion on red light and speed cameras effectiveness and revenue
Council Member Brewer inquires about the effectiveness and revenue generation of red light and speed cameras in New York City. Commissioner Niblack provides insights on the data collection and impact …
4:59:28
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44 sec
Challenges with ghost plates and out-of-state license enforcement
Council Member Brewer raises concerns about ghost plates, out-of-state licenses, and related enforcement issues. Commissioner Niblack discusses the challenges in addressing these problems and some measures being taken. - Ghost …
5:00:12
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3 min
Strategies for collecting unpaid taxes and fines in New York City
Council Member Brewer inquires about strategies to collect the $2.1 billion in unpaid taxes and fines. Commissioner Niblack explains the challenges and processes involved in debt collection. - Major challenges …
5:03:32
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154 sec
Council Member Brannan's opening remarks for final FY 2026 budget hearing
Council Member Justin Brannan opens the final portion of the FY 2026 budget hearings, welcoming the Independent Budget Office team and outlining the focus of his upcoming questions. He reminds …
5:21:49
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62 sec
Introduction and unusual circumstances surrounding the budget
Louisa Chafee, Director of the Independent Budget Office, introduces the context for their budget report. She highlights the unusual circumstances affecting the budget process, including federal-level turmoil, the absence of …
5:23:37
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64 sec
IBO's budget forecasts and projected gaps
The Independent Budget Office presents its forecast for tax revenues and expenditures, highlighting projected surpluses and budget gaps for the coming years. - Forecasts tax revenues of $79.7 billion in …
5:24:41
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54 sec
Recommendations for allocating current year surplus
The IBO suggests options for allocating the current year surplus and emphasizes the importance of building reserves. - Recommends considering two options: prepaying next year's expenses or placing funds into …
5:25:40
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65 sec
New York City's dependence on federal and state funding
The IBO highlights the significant portion of New York City's budget that comes from federal and state funding, emphasizing the city's vulnerability to changes in these funding sources. - Federal …
5:26:45
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72 sec
Potential impact of federal funding cuts on New York City residents
The IBO expresses concern about proposed federal funding cuts and their potential impact on New York City residents, particularly in areas such as healthcare and food assistance. - Highlights potential …
5:27:57
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98 sec
IBO's key takeaways and concerns about the executive budget
The IBO emphasizes three main takeaways from their report, highlighting the need to increase the city's reserve funds and addressing concerns about budget practices. - Stresses the importance of increasing …
5:29:36
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158 sec
IBO's employment growth projections compared to OMB
Council Member Justin Brannan inquires about the Independent Budget Office's (IBO) employment growth projections, which are lower than those of the Office of Management and Budget (OMB). IBO representatives explain …
5:32:14
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84 sec
IBO's perspective on CDPAP changes and home healthcare job growth
Council Member Justin Brannan asks about the Independent Budget Office's (IBO) position on home healthcare employment and the impact of changes to the Consumer Directed Personal Assistance Program (CDPAP) management. …
5:33:39
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31 sec
Potential impact of proposed federal tax changes on NYC
Council Member Justin Brannan inquires about the Independent Budget Office's (IBO) analysis of proposed federal tax changes, particularly regarding pass-through entity taxes (PTET). - The proposed limitation on PTET would …
5:34:14
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59 sec
IBO's business tax revenue projections and economic indicators
Council Member Justin Brannan discusses the Independent Budget Office's (IBO) business tax revenue projections, which are lower than the administration's forecast. - IBO projects $190 million less in business tax …
5:35:13
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70 sec
IBO's identification of additional surplus FY24 resources
Council Member Justin Brannan asks the Independent Budget Office (IBO) to summarize areas where they have identified additional surplus FY24 resources that could be used for reserves or prepayment. - …
5:36:25
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89 sec
IBO's analysis on hiring freeze savings
Council Member Justin Brannan inquires whether the Independent Budget Office (IBO) has conducted any analysis on the savings from the city's hiring freeze. - IBO representatives indicate that they do …
5:37:56
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14 sec
IBO's assessment of major state budget risks to NYC
Council Member Justin Brannan asks the Independent Budget Office (IBO) about the areas within the state budget that pose the biggest risks to New York City's budget. - IBO identifies …
5:38:11
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75 sec
IBO's stance on the mayor's bitcoin bond proposal
Council Member Justin Brannan inquires about the Independent Budget Office's (IBO) opinion on the mayor's bitcoin bond idea and whether New York City should invest in cryptocurrency. - IBO representatives …
5:39:27
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23 sec
Council Member Brewer questions IBO on budget analysis and potential impacts
Council Member Gale A. Brewer engages in a Q&A session with representatives from the Independent Budget Office (IBO), focusing on various aspects of New York City's budget and potential impacts …
5:39:50
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4 min
Discussion on budget equity and revenue generation across NYC demographics
Council Member Nantasha M. Williams inquires about assessing revenue generation and spending based on demographics and geographical locations in New York City. IBO Director Louisa Chafee acknowledges they haven't examined …
5:44:01
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89 sec
Importance of reserve funds and addressing conflicting views
Council Member Williams seeks clarification on the importance of reserve funds, referencing conflicting statements from OMB and IBO. IBO Director Chafee explains their recommendation to add money to reserves is …
5:45:29
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3 min
Determining the appropriate size for NYC's reserve funds
Council Member Williams inquires about the appropriate size for NYC's reserve funds. IBO Director Chafee discusses various metrics and calculations to consider, emphasizing that there's no definitive answer but 'more …
5:49:02
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99 sec
When to use NYC's reserve funds
Council Member Williams asks about the appropriate time to draw down from the reserve fund. IBO Director Chafee provides a succinct metaphorical answer. - Chafee states that reserves should be …
5:50:42
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9 sec