What's happening
This bill requires that one member of the New York City Board of Standards and Appeals be a financial analyst with at least ten years' experience.
Why it matters
Brings financial expertise to land use decisions. By requiring a financial analyst on the Board, the bill ensures that complex real estate, zoning, and development proposals are evaluated with a deeper understanding of financial impacts, potentially leading to more fiscally responsible decisions.
Enhances oversight and accountability. With a financial professional involved, the Board may be better equipped to scrutinize the economic assumptions behind variance requests or development plans, helping to guard against undue influence or poorly justified exceptions.
Diversifies professional perspectives. Adding financial analysis to the Board’s existing expertise in planning, architecture, and engineering aims to create a more balanced and well-rounded decision-making body, which could improve the quality and fairness of outcomes for city residents and developers alike.
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Who cares
Headline styles
Add Financial Analyst to Board
Plain English, a few words. Used as the page title.
Sponsors
Assembly Member · Assembly District 26
No co-sponsors yet.
History
- Referred to cities
- Referred to cities
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Add Financial Analyst to Board
In Senate Committee · Cities · Sponsor Tony Avella
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1355
2017-2018 Regular Sessions
IN ASSEMBLY
January 11, 2017
Introduced by M. of A. BRAUNSTEIN -- read once and referred to the Committee on Cities
AN ACT to amend the New York city charter, in relation to requiring that one of the members of the board of standards and appeals be a financial analyst with professional qualifications and at least ten years experience as a financial analyst
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision b of section 659 of the charter of the city of New York, as added by local law number 49 of the city of New York for the year 1991, is amended to read as follows:
b. One of the members shall be a planner with professional qualifications and at least ten years' experience as a planner. One of the members shall be a registered architect and shall have had at least ten years' experience as an architect. One of the members shall be a licensed professional engineer and shall have had at least ten years' experience as an engineer. One of the members shall be a financial analyst with professional qualifications and at least ten years' experience as a financial analyst. The mayor shall designate one of the members, who shall have the required experience as an architect, planner [or as an], engineer or as a financial analyst, to serve as chair and shall designate one of the members to serve as vice-chair, who shall act as chair in the absence of the chair or in the event that a vacancy exists in the office of chair. Of the members, no more than two shall be residents of any one borough.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00602-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.