tldrgov

Committee on Finance

Thursday, July 16, 2026 · 10:00 AM AM · Committee Room - City Hall

TL;DR

The Committee on Finance approved two items related to city funding and tax policy. The committee passed a resolution designating organizations to receive funding from the city expense budget, and approved a local law proposal that would decrease tax credits for city residents on unincorporated business taxes. Both items also had hearings held during the meeting.

Key Decisions

  • Resolution approving organization funding designations Passed
  • Local law to decrease personal income tax credit for unincorporated business tax Passed
Agenda PDF Minutes PDF Video

Agenda

  1. Res 0551-2026 Resolution approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget
    Resolution
    Action: Hearing on P-C Item by Comm

    This Resolution was Hearing on P-C Item by Comm

  2. Int 0972-2026 A Local Law to amend the administrative code of the city of New York, in relation to decreasing the credit against the city personal income tax on residents for such residents’ share of city unincorporated business tax paid by partnerships in which such residents are partners or businesses of which such residents are proprietors
    Introduction
    Action: Hearing on P-C Item by Comm

    This Introduction was Hearing on P-C Item by Comm

  3. T2026-0004 AND SUCH OTHER BUSINESS AS MAY BE NECESSARY
    N/A
  4. Res 0551-2026 Resolution approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget
    Resolution
    Action: P-C Item Approved by Comm Passed

    A motion was made that this Resolution be P-C Item Approved by Comm approved by Roll Call.

  5. Int 0972-2026 A Local Law to amend the administrative code of the city of New York, in relation to decreasing the credit against the city personal income tax on residents for such residents’ share of city unincorporated business tax paid by partnerships in which such residents are partners or businesses of which such residents are proprietors
    Introduction
    Action: P-C Item Approved by Comm Passed

    A motion was made that this Introduction be P-C Item Approved by Comm approved by Roll Call.

  6. Roll Call