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Track Legislation
Res 0419-2026ResolutionIn CommitteePending 63d

Increase NYC's Borrowing Limit for City Projects

In committee as of Apr 17, 2026Under review by an assigned committee.

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IntroducedIntro
In CommitteeComm.
Council VoteVote
Mayor's DeskMayor
EnactedLaw

✦ Plain-Language Summary

This resolution urges New York State to change its constitution and laws to allow New York City to borrow more money than it currently can. Right now, NYC's borrowing is capped at a limit set in state law, which can restrict the city's ability to fund large infrastructure, housing, and public projects. By raising this cap, the city would have more flexibility to invest in the needs of New Yorkers.

This bill is in committee — public testimony may be open

Register to testify in-person, virtually, or in writing at council.nyc.gov/testify →

Details

Introduced
Apr 16, 2026
Body
Committee on Finance
Type
Resolution
Status
Committee

Sponsors (2)

Introduced byHarvey D. Epstein (D2)
Amanda C. Farías (D18)

Legislative History

View on NYC Legistar