Introduction T2025-4595 1 appearance active

A Local Law to amend the New York city charter, in relation to the submission of the preliminary mayor’s management report, and in relation to 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-seven

New York, NY December 18, 2025 - December 18, 2025

Summary

This local law amends the New York City Charter to adjust submission deadlines for various budget-related reports, particularly in years following a mayoral election. For the fiscal year 2027, key changes include: extending the Preliminary Mayor's Management Report deadline to 14 days after the preliminary budget submission, setting February 17, 2026, as the submission date for the preliminary certificate on debt/reserves and the preliminary budget, and establishing specific March 2026 deadlines for reports from the Independent Budget Office, community boards, the Commissioner of Finance, the Mayor (tax benefit report), borough boards, borough presidents, and the Campaign Finance Board. The law takes effect immediately, with retroactive application to January 16, 2026, if enacted after that date.

Citizen Impact

This legislation adjusts the timeline for budget and management reports, potentially shifting when residents can access and review key city financial information in the lead-up to the fiscal year 2027 budget.

Confidence

high

No timeline data available.