FY 2020 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 twenty

This bill would change certain charter-mandated dates in relation to the Fiscal 2020 Preliminary Budget as follows: 1) Mayor’s submission of the ten-year draft capital strategy to no later than February 7, 2019; 2) City Planning Commission’s submission of comments on the draft ten-year capital strategy to no later than March 7, 2019; 3) 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 7, 2019; 4) Mayor’s submission of the preliminary budget to no later than February 7, 2019; 5) Mayor’s submission of the preliminary management report to no later than February 7, 2019; 6) Independent Budget Office’s report with respect to expected levels of revenues and expenditures to no later than February 22, 2019; 7) Community Board statements and recommendations in regard to the preliminary budget to no later than March 8, 2019; 8) 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 8, 2019; 9) Mayor’s submission of tax benefit report to no later than March 8, 2019; 10) Borough Board statement on budget priorities after public hearing to no later than March 19, 2019; 11) Council’s approval and submission of operating budget to no later than April 1, 2019; 12) Borough President modifications and recommendations to no later than April 1, 2019; 13) Campaign Finance Board’s approval and submission of operating budget to no later than April 1, 2019; 14) Independent Budget Office’s report on the preliminary budget to no later than April 5, 2019; 15) Council’s hearings and submission of recommendations on the preliminary budget and the Mayor’s preliminary management report to no later than April 16, 2019; and 16) Council’s public hearings and report with recommendations on Mayor’s preliminary management report to no later than April 30, 2019.