🔴 LIVE: The Committee on Finance's Preliminary Budget Hearing

New York City Council Finance Committee · March 25, 2026

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Opening: committee introductions and hearing purpose

Presentation

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Chair Linda Lee opened the hearing, introduced council members present and OMB staff, and turned to Speaker Julie Menon for opening remarks framing the hearing as the final day of prelim budget hearings and a scrutiny of the administration's fiscal assumptions.

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New York City Council Finance Committee convened to question the Mayor’s Office of Management and Budget on the administration’s $127 billion FY2027 preliminary plan, a $5.4 billion remaining gap, agency underbudgeting, and proposed savings and revenue options including a controversial property-tax-rate proposal.

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Transcript

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