Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 1/18/2017 10:00 AM Minutes status: Final  
Meeting location: Committee Room - City Hall
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Attachments - Int. No. 1281-A, Attachments - Int. No. 1371, Attachments - Int. No. 1385-A, Attachments - Res. No. 1352
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Int 1281-2016 *Julissa Ferreras-Copeland Proposed Int. No. 1281-AReview and evaluation of economic development tax expenditures, and to repeal chapter 29 of title 11 of such code, relating to the establishment of the tax study commission.IntroductionThis bill would require the Independent Budget Office (“IBO”) to review and evaluate economic development tax expenditures identified by the Council on a schedule set forth by the Council. Such schedule and identification of tax expenditures would be set in collaboration with the IBO. For each economic development tax expenditure reviewed and evaluated, the IBO would submit a report to the Council, and post such report on its website, which would include a description of the data considered and the methodology and assumptions used in such review and evaluation, an analysis of the effectiveness of the tax expenditure and whether the tax expenditure is achieving its intended goals, whether those goals are still relevant, and recommendations for future evaluations. The bill would state that agencies must provide the IBO with the information necessary for IBO to conduct its review and evaluation, and that such agencies must provide IBO and the Council with an explanation when the agencies cannot disclose certain information and include a citation to the laws that prohibit such disclosure. Finally, the bill would also repeal a provision of the Administrative Code that established a tax study commission, which has expired.Hearing Held by Committee  Action details Not available
Int 1281-2016 *Julissa Ferreras-Copeland  Review and evaluation of economic development tax expenditures, and to repeal chapter 29 of title 11 of such code, relating to the establishment of the tax study commission.IntroductionThis bill would require the Independent Budget Office (“IBO”) to review and evaluate economic development tax expenditures identified by the Council on a schedule set forth by the Council. Such schedule and identification of tax expenditures would be set in collaboration with the IBO. For each economic development tax expenditure reviewed and evaluated, the IBO would submit a report to the Council, and post such report on its website, which would include a description of the data considered and the methodology and assumptions used in such review and evaluation, an analysis of the effectiveness of the tax expenditure and whether the tax expenditure is achieving its intended goals, whether those goals are still relevant, and recommendations for future evaluations. The bill would state that agencies must provide the IBO with the information necessary for IBO to conduct its review and evaluation, and that such agencies must provide IBO and the Council with an explanation when the agencies cannot disclose certain information and include a citation to the laws that prohibit such disclosure. Finally, the bill would also repeal a provision of the Administrative Code that established a tax study commission, which has expired.Amendment Proposed by Comm  Action details Not available
Int 1281-2016 *Julissa Ferreras-Copeland  Review and evaluation of economic development tax expenditures, and to repeal chapter 29 of title 11 of such code, relating to the establishment of the tax study commission.IntroductionThis bill would require the Independent Budget Office (“IBO”) to review and evaluate economic development tax expenditures identified by the Council on a schedule set forth by the Council. Such schedule and identification of tax expenditures would be set in collaboration with the IBO. For each economic development tax expenditure reviewed and evaluated, the IBO would submit a report to the Council, and post such report on its website, which would include a description of the data considered and the methodology and assumptions used in such review and evaluation, an analysis of the effectiveness of the tax expenditure and whether the tax expenditure is achieving its intended goals, whether those goals are still relevant, and recommendations for future evaluations. The bill would state that agencies must provide the IBO with the information necessary for IBO to conduct its review and evaluation, and that such agencies must provide IBO and the Council with an explanation when the agencies cannot disclose certain information and include a citation to the laws that prohibit such disclosure. Finally, the bill would also repeal a provision of the Administrative Code that established a tax study commission, which has expired.Amended by Committee  Action details Not available
Int 1281-2016 AJulissa Ferreras-Copeland  Review and evaluation of economic development tax expenditures, and to repeal chapter 29 of title 11 of such code, relating to the establishment of the tax study commission.IntroductionThis bill would require the Independent Budget Office (“IBO”) to review and evaluate economic development tax expenditures identified by the Council on a schedule set forth by the Council. Such schedule and identification of tax expenditures would be set in collaboration with the IBO. For each economic development tax expenditure reviewed and evaluated, the IBO would submit a report to the Council, and post such report on its website, which would include a description of the data considered and the methodology and assumptions used in such review and evaluation, an analysis of the effectiveness of the tax expenditure and whether the tax expenditure is achieving its intended goals, whether those goals are still relevant, and recommendations for future evaluations. The bill would state that agencies must provide the IBO with the information necessary for IBO to conduct its review and evaluation, and that such agencies must provide IBO and the Council with an explanation when the agencies cannot disclose certain information and include a citation to the laws that prohibit such disclosure. Finally, the bill would also repeal a provision of the Administrative Code that established a tax study commission, which has expired.Approved by CommitteePass Action details Not available
Int 1371-2016 *Julissa Ferreras-Copeland  DUMBO BIDIntroductionThis bill would authorize an increase in the amount that the DUMBO Business Improvement District (“BID”) could collect and spend annually and expand the existing boundaries of the BID as set forth in the BID’s amended district plan.Hearing Held by Committee  Action details Not available
Int 1371-2016 *Julissa Ferreras-Copeland  DUMBO BIDIntroductionThis bill would authorize an increase in the amount that the DUMBO Business Improvement District (“BID”) could collect and spend annually and expand the existing boundaries of the BID as set forth in the BID’s amended district plan.Approved by CommitteePass Action details Not available
Int 1385-2016 *Julissa Ferreras-Copeland Proposed Int. No. 1385-ASale of tax liens and notice to property owners when property tax bills are available online.IntroductionThis bill would reauthorize the City’s tax lien sale program for another four years. It would also do the following: 1) Allow for greater flexibility with payment plans, including the option of monthly payments and a one-time opportunity to enter into a second payment plan if the property owner has defaulted on a previous plan; 2) Change notification and communication requirements, including the provision of written notification to the owner when a property is removed from the lien sale due to payment or any other reason, expansion of the use of telephone and email as outreach methods, and connecting property owners to financial counseling resources; 3) Mandate greater data collection and reporting on the impact of the lien sale, including the reporting of currently available data on the charges accrued to properties after the lien sale, mortgage and title transfers of properties included in the lien sale, and surveys to determine the circumstances that lead property owners to fall behind on municipal charges; and 4) Allow emergency repair charges of at least $1,000, that had remained unpaid for at least one year, to trigger lien sale eligibility for non-owner occupied one-, two-, and three-family homes. It would also renumber one of the two sections 11-245.8 of the Administrative Code to become 11-245.10 to resolve the conflict between the two identically numbered sections.Hearing Held by Committee  Action details Not available
Int 1385-2016 *Julissa Ferreras-Copeland  Sale of tax liens and notice to property owners when property tax bills are available online.IntroductionThis bill would reauthorize the City’s tax lien sale program for another four years. It would also do the following: 1) Allow for greater flexibility with payment plans, including the option of monthly payments and a one-time opportunity to enter into a second payment plan if the property owner has defaulted on a previous plan; 2) Change notification and communication requirements, including the provision of written notification to the owner when a property is removed from the lien sale due to payment or any other reason, expansion of the use of telephone and email as outreach methods, and connecting property owners to financial counseling resources; 3) Mandate greater data collection and reporting on the impact of the lien sale, including the reporting of currently available data on the charges accrued to properties after the lien sale, mortgage and title transfers of properties included in the lien sale, and surveys to determine the circumstances that lead property owners to fall behind on municipal charges; and 4) Allow emergency repair charges of at least $1,000, that had remained unpaid for at least one year, to trigger lien sale eligibility for non-owner occupied one-, two-, and three-family homes. It would also renumber one of the two sections 11-245.8 of the Administrative Code to become 11-245.10 to resolve the conflict between the two identically numbered sections.Amendment Proposed by Comm  Action details Not available
Int 1385-2016 *Julissa Ferreras-Copeland  Sale of tax liens and notice to property owners when property tax bills are available online.IntroductionThis bill would reauthorize the City’s tax lien sale program for another four years. It would also do the following: 1) Allow for greater flexibility with payment plans, including the option of monthly payments and a one-time opportunity to enter into a second payment plan if the property owner has defaulted on a previous plan; 2) Change notification and communication requirements, including the provision of written notification to the owner when a property is removed from the lien sale due to payment or any other reason, expansion of the use of telephone and email as outreach methods, and connecting property owners to financial counseling resources; 3) Mandate greater data collection and reporting on the impact of the lien sale, including the reporting of currently available data on the charges accrued to properties after the lien sale, mortgage and title transfers of properties included in the lien sale, and surveys to determine the circumstances that lead property owners to fall behind on municipal charges; and 4) Allow emergency repair charges of at least $1,000, that had remained unpaid for at least one year, to trigger lien sale eligibility for non-owner occupied one-, two-, and three-family homes. It would also renumber one of the two sections 11-245.8 of the Administrative Code to become 11-245.10 to resolve the conflict between the two identically numbered sections.Amended by Committee  Action details Not available
Int 1385-2016 AJulissa Ferreras-Copeland  Sale of tax liens and notice to property owners when property tax bills are available online.IntroductionThis bill would reauthorize the City’s tax lien sale program for another four years. It would also do the following: 1) Allow for greater flexibility with payment plans, including the option of monthly payments and a one-time opportunity to enter into a second payment plan if the property owner has defaulted on a previous plan; 2) Change notification and communication requirements, including the provision of written notification to the owner when a property is removed from the lien sale due to payment or any other reason, expansion of the use of telephone and email as outreach methods, and connecting property owners to financial counseling resources; 3) Mandate greater data collection and reporting on the impact of the lien sale, including the reporting of currently available data on the charges accrued to properties after the lien sale, mortgage and title transfers of properties included in the lien sale, and surveys to determine the circumstances that lead property owners to fall behind on municipal charges; and 4) Allow emergency repair charges of at least $1,000, that had remained unpaid for at least one year, to trigger lien sale eligibility for non-owner occupied one-, two-, and three-family homes. It would also renumber one of the two sections 11-245.8 of the Administrative Code to become 11-245.10 to resolve the conflict between the two identically numbered sections.Approved by CommitteePass Action details Not available
Res 1352-2017 *Julissa Ferreras-Copeland PreconsideredApproving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget.Resolution Hearing on P-C Item by Comm  Action details Not available
Res 1352-2017 *Julissa Ferreras-Copeland  Approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget.Resolution P-C Item Approved by CommPass Action details Not available