Speaker Menin agenda overview - FY2027 budget and finance items
Menin outlines the agenda: voting on the $125.8 billion FY2027 budget, finance resolutions sponsored by Council Member Lee on expense budget designations, and property tax interest rates at 6%, 9%, 16%, and 2.5% for installment agreements.
So thank you to Councilmember Dinowitz for providing this opportunity.
Now let's move on to our stated agenda.
First, we're gonna vote on a $125.8 billion budget for fiscal year 2027.
Next, we will vote on the following finance items.
Pre-considered resolutions sponsored by Councilmember Lee, approving the new designation and changes in the designation of certain organizations to receive funding in the expense budget.
Pre-considered resolutions, also sponsored by Councilmember Lee, to establish that the interest rate be 6%
per annum for fiscal year 2027 for non-payment of taxes on properties with an assessed value of up to $250,000,
9% for properties with an assessed value of more than $250,000, but less than or equal to $450,000, and 16% for properties with an assessed value of more than $450,000.
A pre-considered resolution sponsored also by Councilmember Lee to establish that the interest rate be 2.5%