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 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 nineteen

This bill would change certain charter-mandated dates in relation to the Fiscal 2019 Preliminary Budget as follows: 1) Mayor’s submission and publication of a preliminary certificate regarding debt and reserves and appropriations and expenditures for capital projects to no later than February 1, 2018; 2) Mayor’s submission of the preliminary budget to no later than February 1, 2018; 3) Mayor’s submission of the preliminary management report to no later than February 15, 2018; 4) Independent Budget Office’s report with respect to expected levels of revenues and expenditures to no later than February 16, 2018; 5) Community Board statements and recommendations in regard to the preliminary budget to no later than March 5, 2018; 6) Department of Finance’s estimate of assessed valuation of real property and certified statement of all real property taxes due and uncollected to no later than March 5, 2018; 7) Mayor’s submission of tax benefit report to no later than March 5, 2018; 8) Borough Board statement on budget priorities after public hearing to no later than March 13, 2018; 9) Council’s approval and submission of operating budget to no later than March 26, 2018; 10) Borough President modifications and recommendations to no later than March 26, 2018; 11) Campaign Finance Board’s approval and submission of operating budget to no later than March 26, 2018; 12) Independent Budget Office’s report on the preliminary budget to no later than March 30, 2018; 13) Council’s hearings and submission of recommendations on the preliminary budget and the Mayor’s preliminary management report to no later than April 10, 2018; and 14) Council’s public hearings and report with recommendations on Mayor’s preliminary management report to no later than April 24, 2018.