Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 12/18/2025 11:30 AM Minutes status: Draft  
Meeting location: 250 Broadway - 8th Floor - Hearing Room 2
Published agenda: Agenda Agenda Published minutes: Not available  
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Int 0570-2024 *Gale A. Brewer Proposed Int. No. 570-BCreating a land bank.IntroductionSubject to the approval of the New York State Urban Development Corporation, this bill would establish a land bank for New York City, which would have a board comprised of the mayor or their designee; the commissioner of finance or their designee; the commissioner of housing preservation and development or their designee; three persons appointed by the speaker of the council; and one person appointed by the mayor with the advice and consent of the council. The land bank would be empowered under state and local law to purchase tax liens from the city and to enforce such tax liens in accordance with policies and procedures intended to promote the goals of collecting outstanding revenues of the city; preserving ownership and equity interests in homes; preventing the displacement of residents from their dwellings; promoting proper and effective management of multiple dwelling residents; and preventing recidivism among properties with tax liens.   Not available Not available
Int 1407-2025 *Adrienne E. Adams Proposed Int. No. 1407-ASale of tax liens.IntroductionCurrently, the City has authority to sell tax liens through 2028 pursuant to methods authorized in the administrative code. This bill would amend the administrative code to authorize the City to sell tax liens to a New York city land bank through a negotiated sale, and would not provide an expiration date for such authority. Additionally, this bill would require the commissioner of finance to include in the terms and conditions of any sale of tax liens the term and condition that no purchaser of a tax lien may foreclose upon a lien on class one residential real property occupied by the owner as a primary resident until 1 year has passed after the date of sale and the value of the lien reaches the lesser amount of 15% of the property value or $70,000, as well as the term and condition that every purchaser shall regularly send bills of the amount due on the lien and other pertinent information to the property owner.   Not available Not available
Int 1411-2025 *Gale A. Brewer Proposed Int. No. 1411-ARequiring notice to condominium boards concerning the sale of tax liens.IntroductionThis bill would require the commissioner of finance to notify the board of managers of a condominium if the commissioner intends to sell a tax lien on a unit within the condominium.   Not available Not available
Int 1419-2025 *Sandy Nurse Proposed Int. No. 1419-AReporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens.IntroductionThis bill would require the commissioner of finance to submit to the council and post online an annual report on properties encumbered by chronically unresolved tax liens—defined as tax liens that remain unsatisfied for 36 months or more after being sold. In connection with the required annual report, this bill would require the commissioner of finance to provide annually a list of such properties to heads of agencies charged with property-related enforcement.   Not available Not available
Int 1420-2025 *Sandy Nurse Proposed Int. No. 1420-ATransfer of tax liens to a land bank.IntroductionThis bill would require the commissioner of finance to require purchasers of tax liens to make best efforts to transfer such liens to the New York city land bank (land bank) upon certain triggering events. Lien purchasers would be required to make best efforts to transfer any liens held in a trust established earlier than 1999 (known as the “graveyard trust”) no later than six months after the establishment of the land bank, and to make best efforts to transfer any other liens after all debt obligations secured by such liens are satisfied. In the event that legal or financial obstacles would prevent the transfer of a lien, the purchasers would be required to report to the City the specific liens and relevant obstacles, and identify when such obstacles may no longer prevent the transfer of such liens in the future. Purchasers who identify liens prevented from transfer would be required to again make best efforts to transfer such liens to a land bank no later than two years after having first been required to attempt such transfer.   Not available Not available
Int 1427-2025 *Justin L. Brannan  Coney Island business improvement district, Brooklyn.IntroductionThis bill would establish the Coney Island Business Improvement District (“BID”) in the borough of Brooklyn.   Not available Not available
T2025-4595 *Justin L. Brannan PreconsideredBudget ExtenderIntroductionThis bill would extend the deadline for submission of the Preliminary Mayor’s Management Report in years following the election of a Mayor. In such years, the Report would be due no later than fourteen days after February 1.   Not available Not available
T2025-4567 *Justin L. Brannan PreconsideredApproving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget.Resolution    Not available Not available
M 0207-2025 *   Appropriation of new City revenues in Fiscal Year 2026 in the amount of $512.1 million (MN-2).Communication    Not available Not available
T2025-4596 *Justin L. Brannan  M 207 - Approving a modification (MN-2) pursuant to section 107(e) of the Charter of the City of New York .Resolution    Not available Not available
T2025-4597 *Justin L. Brannan Preconsidered129 23rd Street (A): Block 645, Lot 67, Brooklyn, Community District 7, Council District 38.Land Use Application    Not available Not available
T2025-4599 *Justin L. Brannan Preconsidered129 23rd Street (B): Block 645, Lot 67, Brooklyn, Community District 7, Council District 38.Land Use Application    Not available Not available
T2025-4601 *Justin L. Brannan PreconsideredTysens Park Apartments: Block 3983, Lots 1, 45, and 65, Staten Island, Community District 3, Council District 50.Land Use Application    Not available Not available
T2025-4603 *Justin L. Brannan Preconsidered1692/1702/1706 Union Street: Block 1402, Lots 29 and 36, Brooklyn, Community District 9, Council District 35.Land Use Application    Not available Not available
T2025-4605 *Justin L. Brannan PreconsideredLongfellow Hall: Block 2377, Lot 18; Block 2691, Lot 89; Block 2758, Lot 8, Bronx, Community Districts 1, 2, and 3, Council District 17.Land Use Application    Not available Not available
T2025-4607 *Justin L. Brannan PreconsideredBK Cluster Phase II: Block 2723, Lot 1; Block 2762, Lot 123, Bronx, Community District 2, Council District 17.Land Use Application    Not available Not available
T2025-4609 *Justin L. Brannan PreconsideredSettlement Cluster Phase 3: Block 2750, Lot 22; Block 2832, Lots 4 and 30; Block 2846, Lot 37, Bronx, Community District 2 and 4, Council Districts 16 and 17.Land Use Application    Not available Not available
T2024-0001 *   AND SUCH OTHER BUSINESS AS MAY BE NECESSARYN/A    Not available Not available