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Record of Proceedings

New York City Council Committee on Finance Votes on Budget Modification and Tax Exemptions (June 11, 2026)

City Council — Thursday, June 11, 2026
BodyNew York City, New York
SessionCity Council
DateThursday, June 11, 2026
StatusFILED
Video Record
0:00 / 7:07

Transcript — VerbatimClick a timed line to jump · ⧉ to share it
0:07

Good morning, everyone.

0:09

Good morning, and welcome.

0:12

Good morning.

0:14

Thank you.

0:15

Good morning and welcome to today's New York City Council vote for the Committee on Finance.

0:20

At this time, please silence all electronic devices, and no one may approach the day as Chair Lee.

0:26

We are ready to begin.

0:27

Okay.

0:30

Good morning.

0:30

I'm Councilmember Linda Lee, Chair of the Committee on Finance.

0:33

I would like to recognize my fellow committee members.

0:36

We have Councilmember Jay Sanchez, Wong, Brooks Powers, Narcis, Deputy Speaker Williams, Councilmembers Hudson, Maloney, Majority Leader Brayu, Aldball, Wrestler, Oswald Felice, and Darlene Neely.

0:55

So thank you all for being so on time.

0:57

At today's hearing, the committee will hold a vote on a pre-considered resolution sponsored by me to hold.

1:04

Sorry, to approve a modification of the city's budget pursuant to charter section one hundred seven E.

1:09

This resolution would approve a request received from the director of the mayor's office of management and budget to appropriate new city revenues in fiscal year 2026 in the amount of 504.4 million.

1:20

In addition, the committee will hold a vote on ten preconsidered resolutions that would approve requests of the Department of Housing Preservation and Development to grant real property tax exemptions under Article 11 of the Private Housing Finance Law.

1:35

Um, do any of my colleagues have remarks regarding any of the agenda items?

1:39

No.

1:40

Oh, okay.

1:42

Thank you.

1:42

And I now ask the clerk to call the roll.

1:45

Thank you.

1:45

Good morning, William Martin, Committee Clerk.

1:47

Roll call vote committee on finance.

1:49

All items are coupled.

1:53

Brooks Powers.

1:55

I am all.

2:02

Feliz.

2:03

Aye and all.

2:05

Up are you?

2:07

Aye.

2:08

Aviles.

2:12

Okay.

2:13

Hudson.

2:14

Aye.

2:16

Marte.

2:18

Melee.

2:20

Aye.

2:21

Thank you.

2:22

That's what we're next.

2:27

Narcis.

2:30

Thank you to all my sisters, Delta in the house.

2:33

Thank you.

2:34

And go next.

2:35

Let's win this and I would I.

2:38

Rustler.

2:40

I vote I, and I just want to congratulate Chair Lee on doing a great job through the executive budget hearings.

2:46

And Brian and the whole team.

2:48

Not an easy feat.

3:04

Williams.

3:06

I vote aye, go next.

3:08

Thank you.

3:09

Alva.

3:11

I vote I go next.

3:13

Maloney.

3:15

I vote aye.

3:16

Justin Sanchez.

3:18

At the end of the first half, when we found out that uh Chair Lee was still behind the dais, and she was in his head.

3:27

And that is how we got here.

Discussion Breakdown — Share of Meeting
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Summary of Proceedings

New York City Council Committee on Finance Votes on Budget Modification and Tax Exemptions (June 11, 2026)

The Committee on Finance of the New York City Council, chaired by Councilmember Linda Lee, met on June 11, 2026, to vote on a pre-considered resolution to modify the city's budget and on ten pre-considered resolutions approving real property tax exemptions for housing development projects. The meeting included a roll call vote on all items coupled together, resulting in unanimous approval with 15 affirmative votes, 0 negative, and 0 abstentions. Councilmembers Gennaro and Marte were absent.

Consent Calendar

  • T2026-2126 / M 0078-2026: Communication from the Office of Management & Budget to appropriate $504.4 million in new City revenues in Fiscal Year 2027, pursuant to Section 107(e) of the New York City Charter. Approved with companion Resolution Res 0524-2026.
  • T2026-2125 / Res 0524-2026: Resolution approving the modification (MN-8) under Section 107(e).
  • Ten Land Use Applications (LU 0081-2026 through LU 0090-2026): Pre-considered resolutions approving requests from the Department of Housing Preservation and Development to grant real property tax exemptions under Article 11 of the Private Housing Finance Law for the following projects:
    • St. John’s Flats (Brooklyn, CD 16 & 18)
    • NY Pacific Street (Brooklyn, CD 16)
    • TBK 1001B St. Nicks Alliance - 315 Harman Street (Brooklyn, CD 4)
    • The Pearl (Manhattan, CD 9)
    • 84-04 126th Street (Queens, CD 9)
    • CB Manager (multiple blocks in Manhattan and Brooklyn)
    • Westbeth Artist Housing (Manhattan, CD 2)
    • TBX901-RSE (Bronx, CD 3)
    • DY Heights (Manhattan, CD 12)
    • CSP Third Street (Manhattan and Bronx, multiple CDs)

Key Outcomes

  • All 12 agenda items were approved by a roll call vote of 15 in favor, 0 opposed, with 2 absent (Gennaro and Marte). The vote was initially recorded as 14–0, but after clarifying Councilmember Morano’s vote, the final tally was 15–0.
  • The committee approved the $504.4 million revenue appropriation for Fiscal Year 2027 and the corresponding budget modification.
  • The ten property tax exemption resolutions were approved, enabling the listed housing projects to receive tax benefits.

Meeting Transcript

Good morning, everyone. Good morning, and welcome. Good morning. Thank you. Good morning and welcome to today's New York City Council vote for the Committee on Finance. At this time, please silence all electronic devices, and no one may approach the day as Chair Lee. We are ready to begin. Okay. Good morning. I'm Councilmember Linda Lee, Chair of the Committee on Finance. I would like to recognize my fellow committee members. We have Councilmember Jay Sanchez, Wong, Brooks Powers, Narcis, Deputy Speaker Williams, Councilmembers Hudson, Maloney, Majority Leader Brayu, Aldball, Wrestler, Oswald Felice, and Darlene Neely. So thank you all for being so on time. At today's hearing, the committee will hold a vote on a pre-considered resolution sponsored by me to hold. Sorry, to approve a modification of the city's budget pursuant to charter section one hundred seven E. This resolution would approve a request received from the director of the mayor's office of management and budget to appropriate new city revenues in fiscal year 2026 in the amount of 504.4 million. In addition, the committee will hold a vote on ten preconsidered resolutions that would approve requests of the Department of Housing Preservation and Development to grant real property tax exemptions under Article 11 of the Private Housing Finance Law. Um, do any of my colleagues have remarks regarding any of the agenda items? No. Oh, okay. Thank you. And I now ask the clerk to call the roll. Thank you. Good morning, William Martin, Committee Clerk. Roll call vote committee on finance. All items are coupled. Brooks Powers. I am all. Feliz. Aye and all. Up are you? Aye. Aviles. Okay. Hudson. Aye. Marte. Melee. Aye. Thank you. That's what we're next. Narcis. Thank you to all my sisters, Delta in the house. Thank you. And go next. Let's win this and I would I. Rustler. I vote I, and I just want to congratulate Chair Lee on doing a great job through the executive budget hearings. And Brian and the whole team. Not an easy feat.

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