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Council opens public hearing on local law to allow exceeding New York's 2% tax cap
Summary
The council opened and closed a public hearing on Local Law No. 7, a proposed local law to permit the city to exceed New York's 2% tax cap during budget preparation; corporation counsel said adoption would be required before adopting a budget that exceeds the cap. No public speakers addressed the measure.
The council opened a public hearing on Local Law No. 7, a proposed measure that would allow the city to exceed New York's tax cap, described in the meeting record as 2% of the levy. The motion to open the hearing was made by Councilman Jeffrey Rhodes and seconded by Councilwoman Jacqueline Denison; the council voted in favor and the hearing was opened.
William Frank, identified in the transcript as corporation counsel, told the council the local law is being proposed to give the council the legal authority to exceed the tax cap if needed during the budget process. "It is sometimes necessary to exceed New York's, mandated tax cap of 2% of the levy," he said, and added that if the council expects to adopt a budget that exceeds the cap, adopting this local law first would be necessary.
The record shows no members of the public asked to speak during the hearing. After brief discussion and procedural motions, the council moved to close the public hearing; the motion carried without recorded opposition. No vote to adopt the local law was taken at this meeting.
Next steps listed on the record: the local law remains under consideration as part of the budget process and would need to be adopted before a budget that exceeds the tax cap is approved. The council then proceeded to other agenda items and voted to enter executive session later in the meeting.
