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Committee on Finance

Thursday, November 13, 2025 · 11:00 AM AM · Committee Room - City Hall

TL;DR

The Finance Committee held hearings on five proposed laws related to how New York City handles unpaid property taxes and managing vacant properties through a new 'land bank.' Most proposals were postponed for further consideration rather than voted on immediately. One land bank proposal received a proposed amendment but was also tabled for later discussion.

Key Decisions

  • Creating a City Land Bank Tabled
  • Sale of Tax Liens Tabled
  • Notifying Condo Boards About Tax Lien Sales Tabled
  • Reporting on Unresolved Tax Liens Tabled
  • Transferring Tax Liens to Land Bank Tabled
Agenda PDF Minutes PDF Video

Agenda

  1. Int 0570-2024 A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  2. Int 1407-2025 A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  3. Int 1411-2025 A Local Law to amend the administrative code of the city of New York, in relation to requiring notice to condominium boards concerning the sale of tax liens
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  4. Int 1419-2025 A Local Law to amend the administrative code of the city of New York, in relation to reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  5. Int 1420-2025 A Local Law to amend the administrative code of the city of New York, in relation to the transfer of tax liens to a land bank
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  6. Int 1420-2025 A Local Law to amend the administrative code of the city of New York, in relation to the transfer of tax liens to a land bank
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee

  7. Roll Call
  8. Int 0570-2024 A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
    Introduction
    Action: Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

  9. Int 1407-2025 A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee

  10. Int 1419-2025 A Local Law to amend the administrative code of the city of New York, in relation to reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee

  11. Untitled item
  12. Int 1411-2025 A Local Law to amend the administrative code of the city of New York, in relation to requiring notice to condominium boards concerning the sale of tax liens
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee

  13. Int 0570-2024 A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee