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This entry was published on 2014-09-22
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SECTION 5-510
Change in fiscal years
Village (VIL) CHAPTER 64, ARTICLE 5
§ 5-510 Change in fiscal years. l. The board of trustees of any
village may, by resolution, adopt a fiscal year to commence on the first
day of August and end on the thirty-first day of July. If the board of
trustees shall so adopt a fiscal year commencing on the first day of
August as aforesaid, all of the provisions of this article and of the
real property tax law fixing times or dates within which or by which
certain acts shall be performed in relation to the preparation of the
assessment roll, the preparation of the budget and the levy and
collection of taxes and special assessments shall be correspondingly
changed so that the collection of taxes shall commence on the first day
of the fiscal year.

2. The board of trustees of a village which has elected, pursuant to
former section one hundred seventeen of the village law as enacted by
section fourteen of chapter eight hundred nine of the laws of nineteen
hundred fifty-four, to retain its fiscal year or which has adopted or
hereafter adopts, pursuant to this section, a fiscal year commencing on
the first day of August may, at any time determine, by resolution, to
change to a fiscal year commencing on the first day of June.

3. The board of trustees of a village which has enacted a local law as
provided in subdivision three of section fourteen hundred two of the
real property tax law may, by resolution, adopt a fiscal year to
coincide with the fiscal year of the town or towns or county within
which the village is located. If the board of trustees shall adopt such
a fiscal year, all of the provisions of this article and of the real
property tax law fixing times or dates within which or by which certain
acts shall be performed in relation to the preparation of the budget and
the levy and collection of taxes and special assessments shall be
correspondingly changed so that the collection of taxes shall commence
on the first day of the fiscal year.

4. A certified copy of a resolution adopting a new fiscal year shall
be filed within ten days in the office of the state department of audit
and control at Albany, New York.