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Council Discourse

NYC Council meetings, chaptered and linked by time.

Created by Uzair Qadir

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Q&A

Chair Lee questions state and federal funding losses from savings

New York City Council · May 28, 2026 · starts 0:33:58 · 1 min 11 sec

Lee asks about total loss of state and federal funding from savings and whether funding can be shifted. Pletnikoff explains revenue cannot be transferred because CTL dollars are needed to draw down revenue, and the total revenue takedown for FY27 is $29 million.

Linda Lee

And several savings measures included a reduction of state and or federal funding.

Linda Lee

And what is the total loss in funding from each state and federal source from savings?

Linda Lee

And can any of this funding be shifted?

Linda Lee

To different programs?

Margaret Pletnikoff

Yeah, so the revenue that was taken down is representative of the, as every CTL dollar we spend, we're able to draw down revenue.

Margaret Pletnikoff

So the revenue can't really be transferred because we need the CTL dollar to draw it down.

Margaret Pletnikoff

Give me one second and I'll tell you what the total value of the revenue taken down is.

Margaret Pletnikoff

Give me two seconds.

Margaret Pletnikoff

Oh, yeah, no worries.

Margaret Pletnikoff

I can get it for you.

Margaret Pletnikoff

I'm mostly focused on CTL, so I apologize.

Margaret Pletnikoff

Okay.

Linda Lee

No worries.

Linda Lee

I was going to try to ask a quick question, but I don't know if I don't want to disturb you.

Linda Lee

Please do.

Linda Lee

Come back to it.

Linda Lee

Because I'm bad at multitasking, so I never assume.