FOR IMMEDIATE RELEASE
January 18, 2005
MAYOR MICHAEL R. BLOOMBERG SIGNS LEGISLATION EXTENDING RELEASE OF FY '06 PRELIMINARY BUDGET
Remarks by Mayor Bloomberg at a Public Hearing on Local Laws
“The first bill before me today is Introductory Number 531, sponsored at the request of our Administration by Council Members Weprin and Comrie. This bill extends the deadlines for the Administration’s submission of the preliminary budget and the Mayor’s Preliminary Management report to the City Council. The bill also extends the date of submission for other various budget reports and actions from the Office of Management and Budget, Department of Finance, Borough Presidents, City Planning Commission, Community Boards and other government agencies.
“Under this bill, the Administration will submit the preliminary budget to the City Council no later than January 27, 2005 – eleven days later than required by law. The Administration will also submit the preliminary management report to the City Council no later than February 10, 2005, and the City Council will hold hearings on that report and submit findings and recommendations no later than April 21, 2005.
“This legislation is necessary to adequately and fully assess the fiscal climate, including local revenues for the 2nd quarter of City Fiscal Year 2005, and the proposed State Executive Budget, prior to submission of the preliminary budget.”
Edward Skyler / Jordan Barowitz (212) 788-2958
Watch bill signing in 56k or 300k