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Q&A

Deputy Speaker Williams Questions Equitable Investment Methodology Timeline

New York City Council · May 28, 2026 · starts 3:20:02 · 1 min 22 sec

Deputy Speaker Nantasha Williams questions why it will take until 2034 to fully apply the equitable investment methodology to all city tax levy-funded programs.

Luisa Linares

I'm happy you mentioned the um the methodology.

Luisa Linares

So in 2021, you begin developing an equitable investment methodology that prioritizes communities with the highest concentrations of poverty.

Luisa Linares

However, the city's racial equity plan states that this methodology will not be fully applied to all city tax levy funded programs until 2034.

Luisa Linares

Why will it take more than a decade to fully implement this approach and what barriers are preventing faster implementation?

Luisa Linares

The timeline of 2034 is to uh align with what we expect to be the cycle of RFPs coming um online.

Luisa Linares

I will say I think the the hurdles are what we've been talking about is any time that we are implementing change, um, it will take time to um iterate, adapt, and integrate um you know the methodology.

Luisa Linares

So it's part of the process.

Luisa Linares

I just think that's very long to do, especially considering you guys started this in 2021.

Luisa Linares

Um so one of your long term goals is to apply this investment um methodology to 100% of the funded programs.

Luisa Linares

What percentage of the city tax levy funded programs currently use this methodology?