FY'16 Preliminary Budget Extender

A Local Law in relation to the date of submission by the mayor of a preliminary management report and the date prior to which the council shall conduct public hearings and the date by which the council shall submit a report or reports pertaining thereto, the date of submission by the director of management and budget and the director of city planning of a draft ten-year capital strategy, the date of submission by the city planning commission of a report on the draft ten-year capital strategy, the date of submission by the mayor of the preliminary certificate regarding debt and reserves and appropriations and expenditures for capital projects, the date of submission by the mayor of the preliminary budget, the date of publication by the director of the independent budget office of a report on revenues and expenditures, the date of submission by the community boards of statements in regard to the preliminary budget, the date of submission by the commissioner of finance of an estimate of the assessed valuation of real property and statement of real property taxes due, expected to be received, and uncollected, the date of submission by the mayor of a tax benefit report, the date of submission by the borough boards of statements on budget priorities, the date of submission by the council of estimates of the financial needs of the council, the date of submission by the borough presidents of proposed modifications of the preliminary budget, the date of publication by the director of the independent budget office of a report analyzing the preliminary budget, the date by which the council shall hold hearings and submit recommendations in regard to the preliminary budget, and the date of submission by the campaign finance board of estimates of the financial needs of the campaign finance board, relating to the fiscal year two thousand sixteen

This legislation would change the charter-mandated deadline dates for the following: 1. Mayor’s submission of the preliminary management report no later than February 24, 2015. 2. Completion of the City Council’s public hearings on the preliminary management report and submission of recommendations no later than May 4, 2015. 3. Office of Management and Budget Office’s and City Planning Commission’s (CPC) submission of draft ten-year capital strategy no later than February 9, 2015. 4. CPC’s submission of the report on the draft ten-year capital strategy no later than March 12, 2015. 5. Mayor’s submission of the preliminary certificate regarding debt and reserves and appropriations and expenditures for capital projects no later than February 9, 2015. 6. Mayor’s submission of the preliminary budget no later than February 9, 2015. 7. Independent Budget Office’s submission of report on revenues and expenditures no later than February 24, 2015. 8. Community Boards’ submission of assessment of the preliminary budget no later than March 12, 2015 9. Commissioner of Finance’s submission on estimates of the assessed valuation of real property and a certified statement of all real property taxes due no later than March 12, 2015. 10. Mayor’s submission of tax benefit report no later than March 12, 2015 11. Borough Boards’ submission of budget priorities no later than March 23, 2015. 12. City Council’s submission of its operating budget no later than April 7, 2015.