NYCSBUS Board of Directors Meeting: May 18, 2026
Agenda
1. Consideration of minutes from November 13, 2025
2. Consideration of NYCSBUS’s 2026-27 capital and operating budgets
3. Consideration of contracts necessary to support 2026-27 activities
4. Review of plans to purchase electric school buses
5. Discussion of upcoming real estate transactions
6. Adjournment
Meeting Minutes (draft)
(These are draft minutes of our meeting. We expect that the board will approve them at its next meeting.)
(Note that materials for this meeting supporting all items for consideration, and a report showing financial performance was sent to the board in advance of the meeting, on May 14.)
The NYCSBUS Board of Directors met on May 18 at 12 noon at NYC Public Schools's headquarters at 52 Chambers Street in New York City.
In attendance were Kevin Moran (chair), Michael McClenathan and Heather Miller. Member Lori Podvesker participated remotely due to a medical procedure. Member PV Anantharam was absent. NYCSUBS CEO Matt Berlin also attended in person and CFO Ajmal Sheikh attended remotely due to a transit strike.
The chair called the meeting to order at 12:15pm and noted that a quorum was present.
The board reviewed the minutes from its November 13, 2025 meeting. Those were posted in draft on the NYCSBUS website immediately after the meeting and sent to the board in their pre-meeting materials. The board unanimously approved the minutes. [Note that due to staff error the board did not receive or consider approval of its December 10 meeting minutes. Those too are posted in draft form on NYCSBUS’s website and are expected to be approved at the board’s next meeting.]
The board considered the corporation’s 2026-27 capital and operating budget as presented in the board materials. After discussion the board unanimously approved that budget.
The board then considered contracts for the corporation’s 2026-27 operations and after discussion unanimously approved those contracts.
Finally, the board reviewed the results of an RFP to purchase three additional electric school buses. These would allow NYCSBUS to test vehicles in anticipation of future bus purchases. The board unanimously authorized those purchases but subjected the release of NYC-sourced funds on the completion of the City of New York’s process for drawing down capital funding.
The board ended its meeting by discussing two real estate transactions, one in Queens and one in the Bronx, that are expected to come before the board within the next two months.
The meeting was adjourned at 1:00pm.