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Annual disclosure of financial interests by certain officers and employees of the city.
IntroductionFiledCommittee on Governmental Operations, State & Federal Legislationintroduced 2025-12-04
Filed — closed without being enacted.
Official record · Legistar
Agenda: 2025-12-04Passed: 2025-12-31
Summary
This bill would amend the annual disclosure law to affect the bands a New York City officer, employee, candidate for office, or political party official selects when disclosing anything with a monetary value or amount. There are currently seven bands one may choose from when it comes to disclosure. The bill would set these bands to $1000 to $5000, $5000 to $64,000, $64,000 to $150,000, $150,000 to $250,000, $250,000 to $500,000, $500,000 to $1,000,000, and any amount over $1,000,000. While the bill may have an effect on which band an officer or employer discloses in, it does not affect the number of people who must disclose, nor does it affect which people must disclose.
Committee on Governmental Operations, State & Federal Legislation — Municipal governmental structure and organization, Department of Citywide Administrative Services, Office of Administrative Trials and Hearings, Community Boards, Tax Commission, Board of Standards and Appeals, Campaign Finance Board, Board of Elections, Voter Assistance Commission, Commission on Public Information and Communication, Department of Records and Information Services, Financial Information Services Agency, Law Department, Federal legislation, State legislation and Home Rule requests.
How it compares
20% of similar bills passed
10 passed · 40 died
This bill: 26 days in committee
Similar bills: median 353 days · 226 days when passed
Compared against 50 Introduction bills in Committee on Governmental Operations, State & Federal Legislation.
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Sponsors (2)
Lifecycle
IntroducedIntroduced by Council
2025-12-04 · City Council
ActionReferred to Comm by Council
2025-12-04 · City Council
ClosedFiled (End of Session)
2025-12-31 · City Council
Heard at (1)
City Council · 2025-12-04 · 1:30 PM · Council Chambers - City Hall
Attachments (5)
Full text
Be it enacted by the Council as follows:
Section 1. Subparagraph (q) of paragraph 1 of subdivision d of section 12-110 of the administrative code of the city of New York, as amended by local law number 58 of 2012, is amended to read as follows:
(q) Whenever a "value" or "amount" is required to be reported pursuant to this section, such value or amount shall be reported as being within one of the following categories: (a) at least one thousand dollars but less than five thousand dollars; (b) at least five thousand dollars but less than [thirty-two thousand dollars, or such other] the amount [as] set by the conflicts of interest board [shall set] pursuant to subdivision sixteen of section twenty-six hundred one and subdivision a of section twenty-six hundred three of the charter; (c) at least [thirty-two thousand dollars, or such other] the amount [as] set by the conflicts of interest board [shall set] pursuant to subdivision sixteen of section twenty-six hundred one and subdivision a of section twenty-six hundred three of the charter, but less than [sixty] one hundred fifty thousand dollars; (d) at least [sixty] one hundred fifty thousand dollars but less than [one] two hundred fifty thousand dollars; (e) at least [one] two hundred fifty thousand dollars but less than [two] five hundred [fifty] thousand dollars; (f) at least [two] five hundred [fifty] thousand dollars but less than [five hundred thousand] one million dollars; and (g) [five hundred thousand] one million dollars or more.
� 2. This local law takes effect immediately.
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