Budget Extender

A Local Law in relation to the date of submission by the mayor of a preliminary management report, 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 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, 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-three

This bill would change certain charter-mandated dates in relation to the Fiscal 2023 Preliminary Budget as follows: 1) Mayor’s submission of the preliminary management report to no later than February 28, 2022; 2) 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 16, 2022; 3) Mayor’s submission of the preliminary budget to no later than February 16, 2022; 4) Independent Budget Office’s report with respect to expected levels of revenues and expenditures to no later than March 1, 2022; 5) Community Board statements and recommendations in regard to the preliminary budget to no later than March 15, 2022; 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 15, 2022; 7) Mayor’s submission of tax benefit report to no later than March 15, 2022; 8) Borough Board statement on budget priorities after public hearing to no later than March 25, 2022; 9) Borough President modifications and recommendations to no later than April 10, 2022; 10) Independent Budget Office’s report on the preliminary budget to no later than April 15, 2022; and 11) Campaign Finance Board’s approval and submission of operating budget to no later than April 8, 2022.