New York City Council Header
File #: Res 1119-2016    Version: * Name: M 418 - Appropriation of new revenues in FY'16. (MN-7)
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/14/2016
Enactment date: Law number:
Title: RESOLUTION APPROVING A MODIFICATION (MN-7) PURSUANT TO SECTION 107(e) OF THE CHARTER OF THE CITY OF NEW YORK.
Sponsors: Julissa Ferreras-Copeland
Council Member Sponsors: 1
Attachments: 1. MN-7 - FY 2016 Revenue Mod, 2. MN-7 - OMB Memorandum, 3. MN-7 - Report and Resolution, 4. Hearing Transcript, 5. June 14, 2016 - Stated Meeting Agenda with Links to Files, 6. Hearing Transcript - Stated Meeting 6-14-16, 7. Minutes of the Recessed Meeting of May 25, 2016 held on June 14, 2016, 8. Minutes of the Stated Meeting - June 14, 2016
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/14/2016*Julissa Ferreras-Copeland City Council Approved, by CouncilPass Action details Meeting details Not available
6/14/2016*Julissa Ferreras-Copeland Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available
6/14/2016*Julissa Ferreras-Copeland Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available

Preconsidered Res. No. 1119

 

RESOLUTION APPROVING A MODIFICATION (MN-7) PURSUANT TO SECTION 107(e) OF THE CHARTER OF THE CITY OF NEW YORK.

 

By Council Member Ferreras-Copeland

 

                     Whereas, At a meeting the Committee on Finance of the City Council of the City of New York (the “City Council”) on June 14 2016, the Committee on Finance considered a communication, dated June 14, 2016, from the Mayor's Office of Management and Budget, of a proposed request to recognize a net increase in revenue pursuant to Section 107(e) of the Charter of the City of New York (the “Charter”), attached hereto as Exhibit A (the "Request to Appropriate"); and

 

                     Whereas, Section 107(e) of the Charter requires the City Council and the Mayor to follow the procedures and required approvals pursuant to Sections 254, 255, and 256 of the Charter, without regard to the dates specified therein, in the case of the proposed appropriation of any new revenues and the creation of new units of appropriation; and

 

                     Whereas, Section 107(e) of the Charter requires that any request by the Mayor respecting an amendment of the budget that involves an increase in the budget shall be accompanied by a statement of the source of current revenues or other identifiable and currently available funds required for the payment of such additional amounts, attached hereto as Exhibit B (together with the Request to Appropriate, the "Revenue Modification"); 

 

                     NOW, THEREFORE, The Council of the City of New York hereby resolves as follows:

 

                     1. Approval of Modification.  The City Council hereby approves the Revenue Modification pursuant to Section 107(e) of the Charter.

 

                     2. Further Actions.  The City Council directs the City Clerk to forward a certified copy of this resolution to the Mayor and the Comptroller as soon as practicable so that the Mayor, the Comptroller and the City Clerk may certify the Fiscal 2016 Expense Budget as amended by this resolution as the budget for the remainder of the fiscal year.

 

                     3. Effective Date. This resolution shall take effect as of the date hereof.

 

I hereby certify that the foregoing is a true and complete copy of a resolution adopted by the Council of the City of New York on _______________ on file in this office.

 

                                                                                    _____________________________

                     Clerk of The Council of The City                                                                                                          of New York