Int 1098-2024
Madison Avenue BID
IntroductionEnactedCommittee on Financeintroduced 2024-10-23Local Law 2025/008
Enacted as Local Law 2025/008.
Official record · Legistar
Agenda: 2024-10-23Passed: 2025-01-18Enacted: 2025-01-18
Summary
This bill would authorize an increase in the amount the Madison Avenue business improvement district is authorized to expend annually to $2,520,000, and change in the method of assessment upon which the district charge in the business improvement district is based.
Committee on Finance — Executive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.
How it compares
90% of similar bills passed
45 passed · 5 died
This bill: 56 days in committee
Similar bills: median 45 days · 41 days when passed
Compared against 50 Introduction bills in Committee on Finance.
Ranked by how closely each matches this bill's topic — closest first:
Int 2291-2021
Madison/23rd/ Flatiron/ Chelsea business improvement district.
90dEnacted
Int 1007-2015
Metrotech Area BID
55dEnacted
Int 1029-2015
Fulton Street BID
69dEnacted
Int 1750-2019
Authorizing an increase in the amount to be expended annually in five business improvement districts and one special assessment district.
12dEnacted
Int 0312-2010
34th Street BID
48dEnacted
Int 1030-2015
Increase in the amount to be expended annually in nine business improvement districts.
33dEnacted
+ 44 more comparable bills
Sponsors (2)
Lifecycle
IntroducedIntroduced by Council
2024-10-23 · City Council
ActionReferred to Comm by Council
2024-10-23 · City Council
HeardHearing Held by Committee
2024-12-19 · Committee on Finance
AdvancedApproved by Committee
2024-12-19 · Committee on Finance
AdvancedApproved by Council
2024-12-19 · City Council
ActionSent to Mayor by Council
2024-12-19 · City Council
AdvancedCity Charter Rule Adopted
2025-01-18 · Administration
ActionReturned Unsigned by Mayor
2025-01-21 · City Council
Votes (68)
Aye (64)
Gale A. BrewerKevin C. RileySusan ZhuangAmanda C. FaríasDiana I. AyalaJulie MeninPierina Ana SanchezLynn C. SchulmanAlthea V. StevensAdrienne E. AdamsShaun AbreuJoann Ariola Alexa AvilésChris BanksJoseph C. BorelliErik D. BottcherJustin L. BrannanSelvena N. Brooks-PowersTiffany L. CabánDavid M. CarrCarmen N. De La RosaEric DinowitzOswald J. FelizJames F. GennaroShahana K. HanifKamillah HanksRobert F. HoldenCrystal HudsonRita C. JosephShekar KrishnanLinda LeeFarah N. LouisKristy MarmoratoChristopher MarteDarlene MealyFrancisco P. MoyaMercedes NarcisseSandy NurseChi A. OsséVickie PaladinoKeith Powers Lincoln RestlerCarlina Rivera Yusef SalaamRafael Salamanca, Jr.Sandra UngInna VernikovNantasha M. WilliamsJulie WonGale A. BrewerFrancisco P. MoyaJustin L. BrannanDiana I. AyalaSelvena N. Brooks-PowersDavid M. CarrAmanda C. FaríasKamillah HanksCrystal HudsonFarah N. LouisChi A. OsséYusef SalaamAlthea V. StevensNantasha M. WilliamsKeith Powers
Nay (1)
Kalman Yeger
Absent (1)
Julie Won
Excused (2)
Jennifer GutiérrezPierina Ana Sanchez
Heard at (3)
City Council · 2024-12-19 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2024-12-19 · 10:30 AM · Committee Room - City Hall
City Council · 2024-10-23 · 1:30 PM · Council Chambers - City Hall
Attachments (16)
- Summary of Int. No. 1098
- Int. No. 1098
- October 23, 2024 - Stated Meeting Agenda
- Hearing Transcript - Stated Meeting 10-23-24
- Minutes of the Stated Meeting - October 23, 2024
- Committee Report 12/19/24
- Hearing Testimony 12/19/24
- Hearing Transcript 12/19/24
- December 19, 2024 - Stated Meeting Agenda
- Hearing Transcript - Stated Meeting 12-19-24
- Minutes of the Stated Meeting - December 19, 2024
- Int. No. 1098 (FINAL)
- Fiscal Impact Statement - City Council
- Fiscal Impact Statement - OMB
- Legislative Documents - Letter to the Mayor
- Local Law 8
Full text
Be it enacted by the Council as follows:
Section 1. Subdivision a of section 25-447.2 of the administrative code of the city of New York, as amended by local law number 235 for the year 2017, is amended to read as follows:
a. The city council having determined, pursuant to subdivision b of section 25-410 [of chapter four of this title], that it is in the public interest to authorize an increase in the amount to be expended annually in the Madison Avenue business improvement district beginning on July 1, [2016] 2025, and the council having determined further that the tax and debt limits prescribed in section 25-412 [of chapter four of this title] will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of [two million one hundred thousand dollars ($2,100,000)] $2,520,000.
� 2. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-447.3 to read as follows:
� 25-447.3 Madison Avenue business improvement district; amendment to the district plan. a. The city council having determined, pursuant to subdivision b of section 25-410 [of chapter four of this title], that it is in the public interest to authorize a change in the method of assessment upon which the district charge in the Madison Avenue business improvement district is based, and the council having determined further that the tax and debt limitations prescribed in section 25-412 [of chapter four of this title] will not be exceeded by such change, there is hereby authorized in such district such change as is set forth in the amended district plan required to be filed with the city clerk pursuant to subdivision b of this section.
b. Immediately upon adoption of the local law that added this section, the council shall file with the city clerk the amended district plan containing the change in the method of assessment authorized by subdivision a of this section.
� 3. This local law takes effect July 1, 2025.
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