Research

Administrative History

Annual statements of cities relating to the computation of their constitutional tax margins are generated pursuant to Article 4-A, Section 54-a, subsection 3 of the State Finance Law which requires that the chief fiscal officer of each city shall, not less than ten days prior to the adoption of its budget, file with the state comptroller on forms to be furnished by that official, a statement showing the amount which such city may raise by tax on real estate under the provisions of sections ten and eleven of article eight of the State Constitution and the estimated amount of tax on real estate proposed to be levied on account of such budget.