City Council Members Still Navigating Outside Income Divestment Ahead of Deadline
Legislation barring City Council members from making outside income will go into effect on January 1, forcing several sitting and incoming Council members to make tough decisions about their side jobs.
The regulations, which were linked to a significant pay increase for all city elected officials, including a salary bump from $112,500 to $148,000 for City Council members, were approved by Mayor Bill de Blasio and the City Council last year. Only three current City Council members, two of whom voted against the new restrictions, continue to be involved in their private sector businesses, and each is still in the process of figuring out divestment as mandated by the new law...