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FOR IMMEDIATE RELEASE
PR- 119-08
April 1, 2008

MAYOR BLOOMBERG SIGNS LEGISLATION EXTENDING DEADLINE FOR SUBMISSION OF EXECUTIVE BUDGET

Remarks by Mayor Bloomberg at a Public Hearing on Local Laws

"The final bill before me today is Introductory Number 738, sponsored at the request of the Administration by Council Members Weprin and Nelson.

"Introductory Number 738 extends the deadline for the submission of the Executive Budget by one week from April 26th to May 2nd. Introductory Number 738 also makes corresponding adjustments for the other Charter mandated actions required during the executive budget process.  This action is necessary so the City can more fully assess its fiscal outlook before submitting the Executive Budget.

"I would like to thank the Office of Management and Budget and the City Council for their work on this bill."







MEDIA CONTACT:


Stu Loeser/Matthew Kelly   (212) 788-2958




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