NY Second Class Cities L § 75 (2021)
2021 New York Laws SCC - Second Class Cities Article 6 - Department of Finance 75 - Annual Estimate.

§ 75. Annual  estimate.  Within  sixty  days after the commencement of   each fiscal year, the board of estimate and apportionment shall make  an   itemized   statement,   in   writing,  of  the  estimated  revenues  and   expenditures of the city for the fiscal year, which shall  be  known  as   its  annual  estimate,  provided, however, that if in the city the taxes   for state, county and city purposes are included in one levy, the common   council may, by ordinance, direct that the said estimate be made  within   sixty  days  prior to the commencement of such fiscal year. The estimate   of revenues shall contain an estimate of the probable revenues which, in   the judgment of  the  board  of  estimate  and  apportionment,  will  be   received by the city during the fiscal year, less the amount required to   be  deposited  to the credit of the sinking fund, if any; a statement of   the amount of the sinking fund which, in the judgment of  the  board  of   estimate  and  apportionment,  is available and should be applied to the   payment of the principal of any bonded indebtedness of the city  falling   due  during  the  said  fiscal  year;  and a statement of all unexpended   balances or estimated unexpended balances of the  previous  fiscal  year   remaining  to  the  credit  of  the  city,  or  of  any office, board or   department  thereof.  The  estimate  of  expenditure  shall  contain  an   estimate of the several amounts of money which the board of estimate and   apportionment  deems necessary to provide for the expenses of conducting   the business of the city in each board, department  and  office  thereof   and  for the various purposes contemplated by this chapter and otherwise   by law for the said fiscal year; to pay the principal  and  interest  of   any bonded or other indebtedness of the city falling due during the said   fiscal  year; and the amount of any judgments recovered against the city   and payable during the said fiscal  year.  After  said  annual  estimate   shall have been completed, the board of estimate and apportionment shall   submit the same in final form to the common council with a statement, in   writing,  of  such  reasons for such estimate as it may deem proper. The   common council shall as soon thereafter as may be possible, convene  and   consider  the  said  estimate.  It  shall  give a public hearing to such   persons as wish to be heard in reference thereto.  After  such  hearing,   and, within thirty days after such estimate shall have been submitted to   it,  the  common council shall adopt such estimate so submitted or shall   diminish or reject any items therein contained, and adopt said  estimate   as  so  amended. The common council shall not have the power to diminish   or reject any item  which  relates  to  salaries,  the  indebtedness  or   estimated  revenues, or the sums directed by the board of supervisors of   the county within which the city is situated to  be  levied  within  the   city  for state and county purposes, or the sums lawfully payable within   said fiscal year upon judgments; nor shall the common  council  increase   any item, for any purpose contained in said estimate.In  a  year  when  a  special  city  election  may  be  held under the   provisions of the city local option  law,  the  board  of  estimate  and   apportionment  shall  include  in  the  annual  estimate  an estimate of   probable revenues from the excise tax based upon the  number  of  liquor   licenses in force, if any, in such city at the time such annual estimate   is  made;  and in case there are no liquor licenses in force at the time   the annual estimate is made, the board  of  estimate  and  apportionment   shall  omit  from  the annual estimate any estimate of probable revenues   from the excise tax and include as its  estimate  of  probable  revenues   only  those derived from other sources. If such election be held and the   result thereof alters the probable  revenues  from  the  excise  tax,  a   supplemental estimate shall be made and filed, revising and supplying or   striking out, according to the result of the election, any items omitted   or  included  therein upon the basis of there being probable revenues or   no probable revenues from such tax. Such supplemental estimate, if  any,    shall  be  made  and filed as soon as practicable after such board shall   ascertain the necessary facts and not later than the completion  of  the   tax budget in time for the annual tax levy as provided by law. On demand   by such board, the secretary of the board of canvassers shall certify as   to  the  result  of  the  vote at any such election. In any case where a   special election or the result of a  vote  thereat  is  the  subject  of   judicial proceedings a county clerk in whose office an order is filed or   entered  affecting  such election or vote shall notify such board of the   filing  or  entry  of  the  order  immediately  thereafter.   Any   such   supplemental  estimate shall be deemed a part of the annual estimate and   amendatory thereof.