New York A08562 requires cities, counties, towns, and villages with annual budgets over $10 million to submit a multi-year financial plan to the.

New York A08562 amends the general municipal law by adding a new section requiring cities, counties, towns, and villages with annual budgets exceeding $10 million to annually prepare and submit a multi-year financial plan to the comptroller. This plan must be submitted by the municipality's chief financial officer within 120 days of the budget adoption. The plan must cover the proposed budget, the next fiscal year, and the two fiscal years thereafter.

New York A08562 requires cities, counties, towns, and villages with annual budgets over $10 million to submit a multi-year financial plan to the.

New York A08562 amends the general municipal law by adding a new section requiring cities, counties, towns, and villages with annual budgets exceeding $10 million to annually prepare and submit a multi-year financial plan to the comptroller. This plan must be submitted by the municipality's chief financial officer within 120 days of the budget adoption. The plan must cover the proposed budget, the next fiscal year, and the two fiscal years thereafter.