N.Y. Village Law § 5-502 Submission of Estimates

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 777
• Year: 2023
• Citation: N.Y. Village Law § 5-502

1. On or before the eighth day of February in each year, or such other date as may be applicable pursuant to section 5-510 of this article, the budget officer shall give written notification to the head of each administrative unit that he shall submit estimates, schedules, and statements as hereinafter provided. Such notice shall specify the form in which such information shall be submitted.

2. On or before the first day of March in each year, or such other date as may be applicable pursuant to section 5-510 of this article or section 17-1729 of article seventeen, and except as may be otherwise provided in subdivision four of this section, the head of each administrative unit shall submit to the budget officer an estimate of revenues and expenditures of such administrative unit for the ensuing fiscal year. Such estimate shall show the sources of all revenue, shall itemize the character and object of each expenditure and shall contain such additional information as the budget officer shall prescribe.

3. If the head of an administrative unit shall fail to submit an estimate as herein provided, the budget officer shall forthwith prepare an estimate for such administrative unit.