Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to local governments |
Jan 09, 2013 |
referred to local governments |
Assembly Bill A1446
2013-2014 Legislative Session
Sponsored By
ZEBROWSKI
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Michaelle C. Solages
2013-A1446 (ACTIVE) - Details
2013-A1446 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1446 2013-2014 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2013 ___________ Introduced by M. of A. ZEBROWSKI -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to requiring municipalities to submit a multi-year financial plan to the comp- troller THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general municipal law is amended by adding a new section 40 to read as follows: S 40. MULTI-YEAR FINANCIAL PLAN. EXCEPT IF ALREADY REQUIRED BY LAW, EVERY CITY, COUNTY AND EVERY TOWN AND VILLAGE WITH ANNUAL BUDGETS IN EXCESS OF TEN MILLION DOLLARS SHALL ANNUALLY PREPARE AND SUBMIT A MULTI-YEAR FINANCIAL PLAN TO THE COMPTROLLER. SUCH MULTI-YEAR FINANCIAL PLANS SHALL BE FILED WITH THE COMPTROLLER BY THE CHIEF FINANCIAL OFFICER OF THE MUNICIPALITY NO LATER THAN ONE HUNDRED TWENTY DAYS AFTER THE ADOPTION OF THE MUNICIPALITY'S BUDGET. THE MULTI-YEAR FINANCIAL PLAN SHALL COVER THE PROPOSED BUDGET, THE NEXT SUCCEEDING FISCAL YEAR AND THE TWO FISCAL YEARS THEREAFTER. THE MULTI-YEAR FINANCIAL PLAN SHALL AT MINIMUM INCLUDE PROJECTED EMPLOYMENT LEVELS, PROJECTED ANNUAL EXPENDI- TURES FOR PERSONAL SERVICE, FRINGE BENEFITS, NON-PERSONAL SERVICES AND DEBT SERVICE; APPROPRIATE RESERVE FUND AMOUNTS; ESTIMATED ANNUAL REVEN- UES INCLUDING PROJECTED PROPERTY TAX RATES, THE VALUE OF THE TAXABLE REAL PROPERTY AND RESULTING TAX LEVY, ANNUAL GROWTH IN SALES TAX AND NON-PROPERTY TAX REVENUES, AND THE PROPOSED USE OF ONE-TIME REVENUE SOURCES. THE FINANCIAL PLAN SHALL ALSO IDENTIFY ACTIONS NECESSARY TO ACHIEVE AND MAINTAIN LONG-TERM FISCAL STABILITY, INCLUDING, BUT NOT LIMITED TO, IMPROVED MANAGEMENT PRACTICES, INITIATIVES TO MINIMIZE OR REDUCE OPERATING EXPENSES, AND POTENTIAL SHARED SERVICES AGREEMENTS WITH OTHER MUNICIPALITIES. THE COMPTROLLER MAY, UPON WRITTEN REQUEST FROM A MUNICIPALITY, GRANT AN EXTENSION OF UP TO THIRTY DAYS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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