0:00:00 23 sec
Procedure
Call to order and housekeeping
Council staff calls the meeting to order, welcomes attendees to the Finance Committee vote, and reminds everyone to silence electronics and not approach the dais.
New York City Council
Committee on Finance
Approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget
Jun 30, 2026 · 3:30 PM · 19 min 54 sec
Hearing Vote
Meeting chapters
Read summaries and jump into the video at the segment start.
0:00:23 52 sec
Remarks
Chair Lee welcomes members and acknowledges committee
Chair Linda Lee opens the meeting, announces the vote to adopt the FY2027 budget, and acknowledges all committee members present including Brooks-Powers, Feliz, Avilés, Restler, Hudson, Mealy, Narcisse, Williams, Aldebol, Maloney, Sanchez, Wong, and Morano.
0:01:15 1 min 33 sec
Remarks
Chair Lee thanks Speaker and Finance Division leadership team
Chair Lee thanks Speaker Julie Menin for her leadership, and expresses deep appreciation for the Finance Division staff including Director Nathan Toth, Managing Director Jonathan Rosenberg, deputy directors, chief economists, chief counsel, and senior counsel who prepared briefings and reports for the budget.
0:02:47 54 sec
Remarks
Chair Lee thanks administrative staff and district office team
Chair Lee gives special recognition to the finance administrative staff and legislative documents unit, naming Nicole Anderson, Michelle Bhatti, and others, as well as the sergeants at arms and her own district office staff for keeping operations running during budget season.
0:03:42 1 min 29 sec
Remarks
Chair Lee highlights key FY27 budget investments
Chair Lee outlines the budget's key investments including $14.4 million for parks, $1 million for libraries, $4.5 million for ACT teams, $11 million for IMT, $2.5 million for crisis respite centers, $12 million for home-delivered meals, and $86.4 million restored for immigrant legal services, emphasizing a balanced budget without service cuts or drastic tax increases.
0:05:11 2 min 51 sec
Remarks
Chair Lee outlines agenda items for committee vote
Chair Lee lists the nine categories of items requiring a vote: FY27 expense budget, contract budget, capital budget (Reso A and B), expense and revenue budget modifications, community development program, three property tax resolutions, four late payment interest rate resolutions, and a transparency resolution, plus reminders about Schedule C disclosures.
0:08:02 1 min 41 sec
ROLL CALL
Roll call begins: Chair Lee and Restler vote with disclosures
Committee clerk Billy Martin calls the roll with all items coupled. Chair Lee votes aye on all. Council Member Restler discloses that his wife works at the Mayor's Office of Management and Budget and his mother serves on boards of funded organizations, voting aye. Chair Lee then discloses that her children are associated with DOE and her husband with Korean Community Services.
0:09:42 1 min 21 sec
ROLL CALL
Council Members Feliz, Abreu, Avilés, and Hudson vote with disclosures
Council Member Feliz discloses associations with CUNY and Volunteers of America and votes aye. Abreu votes aye. Avilés discloses associations with Uprose, DOE, and Parks and Recreation, voting aye. Hudson discloses associations with Brooklyn Museum, Botanical Garden, Academy of Music, and other cultural institutions, voting aye.
0:11:03 57 sec
ROLL CALL
Council Members Narcisse and Williams vote with disclosures
Council Member Narcisse discloses associations with NYU, Brookdale Hospital, and Hope Incorporated through her partner and child, voting aye and thanking Speaker Menin and Chair Lee. Council Member Williams discloses associations with Children's Rescue Fund, CUNY, and Delta Sigma Theta Sorority, voting aye.
0:12:00 1 min 21 sec
ROLL CALL
Council Members Aldebol, Maloney, and Sanchez vote with disclosures
Council Member Aldebol discloses her business is associated with NYPD and votes aye. Maloney discloses her sister serves on the board of the New York Foundation for Senior Citizens and her parent is associated with CUNY, the Floating Hospital, 92nd Street Y, and Metropolitan Opera, voting aye. Sanchez votes aye with no disclosures.
0:13:21 1 min 12 sec
ROLL CALL
Council Member Wong questions bill numbers, votes no on one interest rate item
Council Member Wong asks for clarification on bill numbers for the late payment interest rate resolutions, citing 2274, 2176, and 2182. After discussion with staff, he votes yes on all items except the 6% interest rate resolution, on which he votes no.
0:14:34 1 min 49 sec
ROLL CALL
Council Member Morano discloses conflicts, votes no on most items
Council Member Morano discloses associations with DOE, Lou's Helping Hand, Victory for the Voiceless, Prospect Heights Open Street, Columbia University, CUNY, YMCA, and Italian Club of Staten Island. He thanks Chair Lee for her leadership and votes yes on T2026-2177, 2178, and 2302, but no on all other items.
0:16:22 2 min 19 sec
ROLL CALL
Council Members Gennaro, Marte, and Brooks-Powers vote with disclosures
Council Members Gennaro and Marte are called and vote. Council Member Brooks-Powers discloses associations with Delta Sigma Theta Sorority and YMCA, and that her child is associated with DOE, Edge School of the Arts, and Community Youth Care Services, voting aye on the budget.
0:18:41 1 min 2 sec
VOTE OUTCOME
Vote outcomes: budget adopted with 14-1 and 13-2 margins
The committee clerk announces results: preconsidered resolutions on organizations, community development, expense, revenue, and contract budgets adopted 14-1; interest rate resolutions for 6%, 9%, and 16% adopted 13-2; the 2.5% interest rate and executive capital budget adopted 15-0. All items pass.
0:19:43 14 sec
Procedure
Chair Lee closes committee meeting
Chair Lee confirms all items have passed, closes out the committee vote, thanks everyone, and congratulates the committee on the adopted budget.