Res 0493-2024

Whereas, The Office of Management and Budget has prepared a Proposed City Fiscal Year 2025 Community Development Program, a Proposed Reallocation of Fiftieth Year Community Development Funds, and a Proposed Fifty-First Year Community Development Program; and Whereas, The Proposed City Fiscal Year 2025 Community Development Program, Proposed Reallocation of Fiftieth Year Community Development Funds, and Proposed Fifty-First Year Community Development Program are provided to the City Council for review and consideration; and Resolved, That the Council of the City of New York hereby agrees to the Proposed Community Development Program for City Fiscal Year 2025 in the amount of $237,202,000, which reflects an increase of $400,000 from the Executive Budget as submitted by the Mayor on April 24, 2024; and be it further Resolved, That the Council of the City of New York hereby agrees to the Proposed Reallocation of Fiftieth Year Community Development Funds in the amount of $236,014,000, which reflects an increase of $200,000 from the Proposed Fiftieth Year Community Development Budget as submitted by the Mayor on April 24, 2024; and be it further Resolved, That the Council of the City of New York hereby agrees to the Proposed Fifty-First Year Community Development Program in the amount of $238,062,000, which reflects an increase of $25,000 from the Proposed Fifty-First Year Community Development Program as submitted by the Mayor on April 24, 2024; and be it further Resolved, That the Council of the City of New York hereby shall have the opportunity to review the allocation as part of the City Fiscal Year 2026 budget adoption, of that portion of the Fifty-First Community Development budget that will be scheduled to be spent in City Fiscal Year 2026 and not City Fiscal Year 2025. T H E C O U N C I L REPORT OF THE COMMITTEE ON FINANCE APPROVING THE COMMUNITY DEVELOPMENT BUDGET FOR CITY FISCAL YEAR 2025, THE REALLOCATION OF FIFTIETH YEAR COMMUNITY DEVELOPMENT FUNDS, AND THE FIFTY-FIRST COMMUNITY DEVELOPMENT PROGRAM YEAR. The Committee on Finance respectfully submits to The Council of the City of New York the following: R E P O R T Introduction. The Proposed City Fiscal Year 2025 Community Development Program, Proposed Reallocation of Fiftieth Year Community Development Funds, and Proposed Fifty-First Year Community Development Program were submitted by the Mayor to the Council on April 24, 2024 and referred to the Committee on Finance. Analysis. The Committee on Finance held hearings on the 6th, 7th, 8th, 9th, 10th, 13th, 14th, 15th, 17th, 20th, 21st, and 22nd of May 2024. The testimony elicited at these hearings regarding the budget as a whole and with respect to specific needs and projects was supplemented by further data developed at the meetings of the Committee on Finance, and from Council staff and representatives of City agencies. The primary concern of the Committee was that the funding contained in the Proposed City Fiscal Year 2025 Community Development Program would meet the actual and perceived needs of the communities the City of New York comprises. In its deliberations, the Committee on Finance took into consideration the testimony of the citizenry at the public hearings and the information furnished by Council Members, staff assistants, and City agencies. As a result of the Committee on Finance's deliberation, the Committee recommends the following: 1. A City Fiscal Year 2025 Community Development Program totaling $237,202,000; and 2. A Reallocated Fiftieth Year Community Development Program totaling $236,014,000; and 3. A Fifty-First Community Development Program totaling $238,062,000. The Committee makes this recommendation with the stipulation that the portion of the Fifty-First Year Community Development budget, which will be spent in City Fiscal Year 2026 and not City Fiscal Year 2025, will be subject to review and reallocation in the City Fiscal Year 2026 Community Development budget. Community Development Block Grant (CDBG)-Additional Funding (Dollars in Millions) COMMUNITY DEVELOPMENT PROGRAM PROPOSED BUDGET PROPOSED CHANGES REVISED BUDGET City Fiscal Year 2025 Community Development Program Total: 236.802 0.400 237.202 Reallocated Fiftieth Year Community Development Program Total: 235.814 0.200 236.014 Fifty-First Year Community Development Program Total: 238.037 0.025 238.062 The proposed changes to the City Fiscal Year 2025 Community Development Program Total are comprised of the following: 1) The addition of $0.375 for the Met Council Food Pantry, administered through the Department of Youth and Community Development. Community Development Block Grant funds will pay for a food distribution program targeting low- and moderate-income residents in New York City. Funds are expected to pay for the administrative staff and for food. 2) The addition of $0.025 for collective bargaining and fringe for some smaller collective bargaining units. The proposed changes to Chart 2 are comprised of approximately half of the above changes because CD 50 supports the first half of CFY 2025. The proposed change to Chart 3 is the collective bargaining and fringe for the smaller collective bargaining units. Finally, in Calendar Year 2024, the following programs will continue to spend funds that were allocated in prior years (in millions): * Inspections in City Shelters: $.165 * Project Open House: $.075 * Public Housing Rehabilitation Program: $39.442 * Recreation Services Planning: $.474