1. The Laws of New York
  2. Unconsolidated Laws
  3. Port of Albany 192/25


Section 9 The fiscal year of the district shall be from July first to June thirtieth, inclusive

Port of Albany 192/25 (POA)

The fiscal year of the district shall be from July first to June thirtieth, inclusive. Annually, in the month of June, the commission shall file with the clerk and with the treasurer of each city in the district, a statement of the amount to be raised upon the territory within such city and paid to the commission, for the estimated expenditures of the commission under this act during such fiscal year, including construction cost, expenses other than for construction, and installments of the district debt, if any, and interest, to fall due in such year. The statement shall specify when the amount shall be paid to the commission which shall, so far as practicable, be after the collection of taxes next to be levied in or for such municipality. The clerk of each city shall cause such statement to be presented to the legislative governing body, and board of estimate, if any, of the city, at its next meeting, and such board or body shall cause the amount chargeable to the several parcels of real estate in the city to be levied upon such real estate in the city by the first annual municipal tax levy next occurring, in proportion to the valuation of the taxable real property for city taxes. The amounts chargeable under this section, when collected, shall be paid to the treasurer of the commission. In determining the total amount to be raised for any fiscal year under this section the commission shall deduct from its estimate of total expenditures the probable amount of net revenues, if any, from its port facilities, and the amount of any appropriations by the legislature to be available in such year.

  Prior to the first apportionment of construction cost to the several municipalities, under this act, and the fixing of the decimal representing the proportion of benefit, the expenses of the commission, or so much thereof as may not be provided for by state appropriations, annually shall be borne by the several cities in the proportion that the assessed valuation of the taxable property in the district; and the necessary statement shall be filed with each city clerk, as provided in this section, and the provisions of this section, relative to levy and collection of a tax to pay such amounts shall apply thereto.