New York City Council Header
Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 12/9/2020 1:00 PM Minutes status: Final  
Meeting location: REMOTE HEARING (VIRTUAL ROOM 2)
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
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            Roll call Not available
T2020-6945 *   Oversight: Review of the Fiscal 2021 November Financial PlanOversight Hearing Held by Committee  Action details Not available
T2020-6945 *   Oversight: Review of the Fiscal 2021 November Financial PlanOversight Filed, by Committee  Action details Not available
Int 2046-2020 *Brad S. Lander  Capital commitment plans and capital project detail data reports.IntroductionThis local law would clarify and codify the existing requirement and practice of the mayor issuing capital commitment plans and capital project detail reports. The current language of the Charter does not clearly delineate the requirements and timelines of the two distinct reports that are produced. This local law would require that capital commitment plans be issued three times a year (within 90 days of the adopted budget and with submission of the preliminary and executive budgets). The capital commitment plans must include for the relevant fiscal years appropriations and commitments by project type; expenditures and commitments by project type for the prior four fiscal years; planned commitments by agency; and for each capital project, as applicable, a description of such project, the schedule of commitments, available appropriations, expenditures and the current milestone associated with such project. The capital project detail reports, which are periodic reports on the progress of capital projects, would also be issued three times a year (within 120 days of the adopted budget and within 30 days of the submission of the preliminary and executive budgets).Hearing Held by Committee  Action details Not available
Int 2046-2020 *Brad S. Lander  Capital commitment plans and capital project detail data reports.IntroductionThis local law would clarify and codify the existing requirement and practice of the mayor issuing capital commitment plans and capital project detail reports. The current language of the Charter does not clearly delineate the requirements and timelines of the two distinct reports that are produced. This local law would require that capital commitment plans be issued three times a year (within 90 days of the adopted budget and with submission of the preliminary and executive budgets). The capital commitment plans must include for the relevant fiscal years appropriations and commitments by project type; expenditures and commitments by project type for the prior four fiscal years; planned commitments by agency; and for each capital project, as applicable, a description of such project, the schedule of commitments, available appropriations, expenditures and the current milestone associated with such project. The capital project detail reports, which are periodic reports on the progress of capital projects, would also be issued three times a year (within 120 days of the adopted budget and within 30 days of the submission of the preliminary and executive budgets).Laid Over by Committee  Action details Not available
Int 2166-2020 *Adrienne E. Adams PreconsideredSale of tax liens.IntroductionThis bill would reauthorize the City’s authority to sell tax liens for one year after the enactment of the local law. This bill would also, among other things: 1) create a COVID-19 exemption for calendar year 2021 for certain Class 1, 2 or 4 properties, provided that the property owner owns 10 or fewer units, one of which is the owner’s primary residence, and such owner submits a hardship declaration to the Department of Finance stating that they are experiencing a COVID-related financial hardship; 2) increase the property tax debt eligibility threshold for Class 1 and residential condominium and cooperative properties to $5,000, 3) increase the water debt eligibility threshold for 2- and 3-family homes to $3,000, 4) increase the income eligibility threshold for the Department of Finance’s Property Tax and Interest Deferral (PTAID) Program to $86,400, 5) introduce a process to establish a property tax late payment interest rate for properties with an assessed value between $250,000 and $450,000, 6) mandate certain outreach sessions to be conducted by the Administration during the tax lien sale notice period, and 7) establish a temporary task force to to ensure that the City’s enforcement of delinquent municipal charges is fair, effective, and efficient and to study the feasibility of transferring properties with delinquent property taxes, sewer and water rents subject to a lien to community land trusts, land banks, mutual housing associations or other similar entities.Hearing on P-C Item by Comm  Action details Not available
Int 2166-2020 *Adrienne E. Adams  Sale of tax liens.IntroductionThis bill would reauthorize the City’s authority to sell tax liens for one year after the enactment of the local law. This bill would also, among other things: 1) create a COVID-19 exemption for calendar year 2021 for certain Class 1, 2 or 4 properties, provided that the property owner owns 10 or fewer units, one of which is the owner’s primary residence, and such owner submits a hardship declaration to the Department of Finance stating that they are experiencing a COVID-related financial hardship; 2) increase the property tax debt eligibility threshold for Class 1 and residential condominium and cooperative properties to $5,000, 3) increase the water debt eligibility threshold for 2- and 3-family homes to $3,000, 4) increase the income eligibility threshold for the Department of Finance’s Property Tax and Interest Deferral (PTAID) Program to $86,400, 5) introduce a process to establish a property tax late payment interest rate for properties with an assessed value between $250,000 and $450,000, 6) mandate certain outreach sessions to be conducted by the Administration during the tax lien sale notice period, and 7) establish a temporary task force to to ensure that the City’s enforcement of delinquent municipal charges is fair, effective, and efficient and to study the feasibility of transferring properties with delinquent property taxes, sewer and water rents subject to a lien to community land trusts, land banks, mutual housing associations or other similar entities.Laid Over by Committee  Action details Not available