NYC Committee on Finance Approves Multiple Resolutions on Business Improvement Districts and Tax Matters
At a glance
Quick context to catch up fast.
The Committee on Finance held a meeting on October 29, 2025, to consider resolutions related to business improvement districts, real property tax assessments, and housing preservation projects. The committee approved resolutions concerning expenditure increases for business improvement districts, the establishment of the Coney Island Business Improvement District, amendments to the Lincoln Square Business Improvement District, fiscal year 2026 tax certifications, and three housing preservation land use applications.
Topics discussed
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
Key decisions
Follow the major takeaways from this briefing.
- Approved Resolution 1100-2025 to designate new organizations and modify existing designations to receive funding in the Expense Budget (11-1 vote with 5 absent)
- Approved Resolution 1101-2025 to establish the Coney Island Business Improvement District in Brooklyn (12-0 vote with 5 absent)
- Approved Resolution 1106-2025 to amend the Lincoln Square Business Improvement District plan to change assessment methods and authorize additional services (12-0 vote with 5 absent)
- Approved Resolution 1102-2025 to determine a one percent increase in the current base proportion of real property classes for Fiscal 2026 (12-0 vote with 5 absent)
- Approved Resolution 1103-2025 and Resolution 1104-2025 to compute and certify base percentages and adjusted base proportions for Fiscal 2026 (12-0 votes with 5 absent each)
- Approved Resolution 1105-2025 to amend and restate the resolution providing amounts for city government support and payment of indebtedness for Fiscal Year 2026 (12-0 vote with 5 absent)
- Approved Land Use Application LU 0411-2025 for Charles Hill housing project at Block 1827, Lot 1, Manhattan (12-0 vote with 5 absent)
- Approved Land Use Application LU 0412-2025 for Seneca Open Door housing project at Block 1594, Lot 17, Manhattan (12-0 vote with 5 absent)
- Approved Land Use Application LU 0413-2025 for State Preservation housing project at multiple blocks in Queens (12-0 vote with 5 absent)
Timeline & follow-ups
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Meeting information
Details and records from this meeting.
Recent documents
Fresh records from this municipality.
Civic leadership
Know who to contact about the decisions that matter.