Committee on Finance

Oversight - Senior Citizen Rent Increase Exemption (SCRIE) and Disability Rent Increase Exemption (DRIE).

Oversight - Implementation of the Pied-à-Terre Tax.

A Local Law to establish a temporary program to resolve outstanding judgments imposed by the environmental control board

Resolution approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget

A Local Law to amend the administrative code of the city of New York, in relation to abatement of taxation for alterations and improvements to certain multiple dwellings

Resolution calling upon the New York State Legislature to pass, and the Governor to sign, legislation creating a centralized income verification system for all income-based homeowner property tax exemptions administered by the New York City Department of Finance and authorizing the City of New York to use such system to determine applicants’ income eligibility for such exemptions

A Local Law to amend the administrative code of the city of New York, in relation to increasing the maximum income level qualifying for the senior citizen homeowner’s exemption and the disabled homeowner’s exemption

Resolution approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget

A Local Law to amend the administrative code of the city of New York, in relation to decreasing the credit against the city personal income tax on residents for such residents’ share of city unincorporated business tax paid by partnerships in which such residents are partners or businesses of which such residents are proprietors

Communication from the Office of Management and Budget – Submitting the Declaration of Capital Financing Need, pursuant to Section 2799-ff of the New York City Transitional Finance Authority Act.

A Local Law to amend the administrative code of the city of New York, in relation to a property tax exemption for members of a volunteer firefighting or ambulance service

A Local Law in relation to the establishment of a task force to study options and make recommendations for a plan to implement a municipal public bank

A Local Law to amend the administrative code of the city of New York, in relation to increasing the maximum income level qualifying for exemption from rent increases granted to certain senior citizens and persons with disabilities

Oversight - Financial Tools for Maintaining the Affordability of Mitchell-Lama Housing.

Resolution to establish that the interest rate be two and one half percent per annum for Fiscal Year 2027 for certain properties for which the owner has entered into an installment payment agreement with the department of finance for payment of delinquent property taxes, assessments, or other charges

Resolution to establish that the interest rate be sixteen percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of more than $450,000, or more than $450,000 per residential unit for cooperative apartments

Resolution to establish that the interest rate be nine percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of more than $250,000 but less than or equal to $450,000, or more than $250,000 but less than or equal to $450,000 per residential unit for cooperative apartments

Resolution to establish that the interest rate be six percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of not more than $250,000, or not more than $250,000 per residential unit for cooperative apartments

Resolution approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget

Report of the Committee on Finance in favor of approving a resolution of the Council of the City of New York fixing the tax rate for the Fiscal Year 2027, adopted June 30, 2026 upon the recommendation of the Committee on Finance of the Council.