Summary
Committee on Finance meeting (Jan. 29, 2026) considered multiple mayoral veto messages and local laws related to tax liens, a land bank, and a real property tax exemption resolution
New YorkJan 29, 20263 min read
At a glance
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The Committee on Finance held a roll-call meeting at 250 Broadway (Hearing Room 1) and approved by roll call several items, each with recorded affirmative/negative votes and one absent member (Gennaro). Items included mayoral veto and disapproval communications for Introductory Numbers 570-B, 1407-A, 1419-A, and 1420-A, plus a resolution (T2026-0326) approving an amendatory agreement for a real property tax exemption and additional introductions (Int 1407-2025-A, Int 1419-2025-A, Int 1420-2025-A).
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Topics discussed
Budget & TaxHousing
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Key decisions
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- Approved Int 0570-2024-B by roll call (Mayor’s veto message communication M 0008-2026), with negatives from Morano and Wong; Gennaro absent.
- Approved Int 1407-2025-A by roll call (Mayor’s veto message communication M 0016-2026), with negatives from Morano and Wong; Gennaro absent.
- Approved Int 1419-2025-A by roll call, with negative from Morano; Gennaro absent.
- Approved Int 1420-2025-A by roll call, with negatives from Morano and Wong; Gennaro absent.
- Approved T2026-0326 as a P-C item by roll call, with no negatives listed; Gennaro absent.
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Meeting information
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Committee on Finance
Jan 29, 2026, 12:00 AM250 Broadway - 8th Floor - Hearing Room 1scheduled
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Agenda
- A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
- Communication from the Mayor – Veto and disapproval of Introductory Number 570-B of 2024 - A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
- A Local Law to amend the administrative code of the city of New York, in relation to reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens
- Communication from the Mayor – Veto and disapproval of Introductory Number 1419-A of 2025 - A Local Law to amend the administrative code of the city of New York, in relation to reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens
- A Local Law to amend the administrative code of the city of New York, in relation to the transfer of tax liens to a land bank
- Communication from the Mayor – Veto and disapproval of Introductory Number 1420-A of 2025 - A Local Law to amend the administrative code of the city of New York, in relation to the transfer of tax liens to a land bank
- A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
- Communication from the Mayor – Veto and disapproval of Introductory Number 1407-A of 2025 - A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
- Resolution approving a proposed Tenth Amendatory Agreement between the City of New York and Penn South in relation to an exemption from real property taxes for the properties located at 212-226 9th Avenue (Block 747, Lot 1), 311-351 West 24th Street (Block 748, Lot 1), 250-268 9th Avenue (Block 749, Lot 1), 313 8th Avenue (Block 749, Lot 24), 270-296 9th Avenue (Block 751, Lot 1), and 305 9th Avenue (Block 752, Lot 1) in Manhattan, pursuant to Section 114 of the Private Housing Finance Law and in accordance with Section 125(1)(a-4) of such Law (Preconsidered L.U. No. )
- Roll Call
- A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
- Communication from the Mayor – Veto and disapproval of Introductory Number 570-B of 2024 - A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank
- A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
- Communication from the Mayor – Veto and disapproval of Introductory Number 1407-A of 2025 - A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
- A Local Law to amend the administrative code of the city of New York, in relation to reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens
- Communication from the Mayor – Veto and disapproval of Introductory Number 1419-A of 2025 - A Local Law to amend the administrative code of the city of New York, in relation to reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens
- A Local Law to amend the administrative code of the city of New York, in relation to the transfer of tax liens to a land bank
- Communication from the Mayor – Veto and disapproval of Introductory Number 1420-A of 2025 - A Local Law to amend the administrative code of the city of New York, in relation to the transfer of tax liens to a land bank
- Resolution approving a proposed Tenth Amendatory Agreement between the City of New York and Penn South in relation to an exemption from real property taxes for the properties located at 212-226 9th Avenue (Block 747, Lot 1), 311-351 West 24th Street (Block 748, Lot 1), 250-268 9th Avenue (Block 749, Lot 1), 313 8th Avenue (Block 749, Lot 24), 270-296 9th Avenue (Block 751, Lot 1), and 305 9th Avenue (Block 752, Lot 1) in Manhattan, pursuant to Section 114 of the Private Housing Finance Law and in accordance with Section 125(1)(a-4) of such Law (Preconsidered L.U. No. )
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