Committee on Finance budget hearing summary
At a glance
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The Committee on Finance held oversight hearings on the Fiscal Year 2027 Executive Budget (T2026-1912) with scheduled testimony from the Office of Management & Budget, the Comptroller, the Department of Finance, and the Independent Budget Office. The committee filed the oversight and received attachments including a Citywide Fact Sheet and the Department of Finance Economic and Tax Revenue Forecast.
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What this means
The council committee reviewed materials and forecasts that describe the city’s projected revenues and budget outlook for Fiscal Year 2027. The hearing was recorded and filed with the committee, and the documents received will inform the Council as it considers the city budget. Residents should understand this meeting was part of the informational review process rather than a final budget vote.
Key decisions
Follow the major takeaways from this briefing.
- Oversight hearing on the FY2027 Executive Budget (T2026-1912) was held by the Committee on Finance.
- The oversight was filed by the Committee.
- Committee received attachments: Citywide Fact Sheet and Department of Finance Economic and Tax Revenue Forecast.
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Meeting information
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Committee on Finance
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Agenda
- NEW YORK CITY COUNCIL FISCAL YEAR 2027 EXECUTIVE BUDGET HEARINGS 10:00 p.m. - 1:45 p.m. Office of Management & Budget 2:00 p.m. - 3:30 p.m. Comptroller 3:30 p.m. - 4:30 p.m. Department of Finance 4:30 p.m. - 5:30 p.m. Independent Budget Office
- Roll Call
- Agenda Item
- NEW YORK CITY COUNCIL FISCAL YEAR 2027 EXECUTIVE BUDGET HEARINGS 10:00 p.m. - 1:45 p.m. Office of Management & Budget 2:00 p.m. - 3:30 p.m. Comptroller 3:30 p.m. - 4:30 p.m. Department of Finance 4:30 p.m. - 5:30 p.m. Independent Budget Office
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