Summary

Committee on Economic Development meeting summary

New YorkMay 29, 20261 min read

At a glance

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The New York City Council Committee on Economic Development met jointly with the Committee on Finance on May 29, 2026, at City Hall for Fiscal Year 2027 executive budget hearings (item T2026-1891). The committee held an oversight hearing on the Economic Development Corporation and the oversight record was filed. Members Maloney, Banks, Farías, Riley and Thomas-Henry were present; Avilés and Gutiérrez were absent; Council Member Paladino also attended.

Projects mentioned

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Economic Development

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Committee on Economic Development

Topics discussed

Budget & TaxCommerce

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What this means

Council members held a review of the Economic Development Corporation as part of the city’s Fiscal Year 2027 budget process and officially filed the oversight record. For residents, this means elected officials reviewed the corporation’s budget and activities so the Council can use that information when deciding funding and oversight during the budget process.

Key decisions

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Oversight hearing on the Economic Development Corporation was held jointly with the Committee on Finance (T2026-1891).
The oversight record was filed by the Committee.

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Meeting information

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