Extends provisions of law relating to the adoption and submission of an annual budget by the Trustees of the Freeholders and Commonalty of the town of Southampton from January 1, 2024 until January 1, 2025.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7645
SPONSOR: Thiele TITLE OF BILL:
An act to amend chapter 438 of the laws of 2022 relating to the adoption
and submission of an annual budget by the Trustees of the Freeholders
and Commonalty of the town of Southampton, in relation to the effec-
tiveness thereof
PURPOSE:
To extend for one year the applicability of Chapter 438 of the Laws of
2022 relating to procedures for the adoption and submission of an annual
budget by the Trustees of the Freeholders and Commonalty of the Town of
Southampton.
SUMMARY OF PROVISIONS:
Section 1. Section 3 of Chapter 438 of the Laws of 2022 relating to the
adoption and submission of an annual budget by the Trustees of the Free-
holders and Commonalty of the Town of Southampton by extending the
applicability to all fiscal years beginning on and after January 1,
2025.
Section 2. Immediate effective date.
JUSTIFICATION:
Chapter 438 of the Laws of 2022 provided that the Trustees of the Free-
holders and Commonalty of the Town of Southampton shall, after a public
hearing, prepare and adopt an annual budget prescribed in section 181 of
the Town Law provided that such annual budget shall not contain an
increase of more than two percent above the budgeted amount of the prior
year. The law went into effect on July 21, 2022 and would apply to all
fiscal years beginning on and after January 1, 2024. This legislation is
necessary to extend for one year these provisions and make them applica-
ble to all fiscal years beginning on and after January 1, 2025.
LEGISLATIVE HISTORY:
2023: New Legislation
FISCAL IMPLICATIONS:
To be determined.
EFFECTIVE' DATE:
This act shall take effect immediately
