BREAKING NEWS: Yonkers is Noticed by Certificate of Disapproval of Yonkers Mayor Mike Spano’s FY2012-2013 Budget By HEZI ARIS
YONKERS, NY -- June 27, 2012 – Yonkers City Clerk Joan Deierlein had this morning received a “Certificate of Disapproval” letter signed on behalf of New York State Comptroller Thomas P. DiNapoli by NYS Deputy Comptroller Steven J. Hancox. In that letter Comptroller Dinapoli explains his responsibility as Fiscal Agent of the City of Yonkers which requires his reviewing the FY2012-2013 adopted budget by the City and “related justification documents to determine compliance with chapter 488 of the Laws of 1976 (hereinafter referred toas the “Act”)and compliance with City ordinances adopted subsequent to the enactment of the Act determining the terms and details, provif=ding for the rights of the holders, of the serial bonds and other obligations of the City (hereinafter referred to as the “ordinances”). Based upon my review, and consistent with the ongoing discussions which have taken place since my receiving the adopted budget and related justification documents, I find the following”
1. The adopted budget appropriates operating surplus in excess of the amount permitted by section 7 (A)(1) of the Act and thE corresponding provisions of the Ordinances; an
2. Justification Document 13(e) fails to set forth adequate actions completed forming an existing basis for a reasonable expectation that the related appropriations for the fire department will be sufficient for the 2012-2013 fiscal year as required by section 6(b) and 2 (R) of the act and the corresponding provisions of the ordinances.”
The letter closes, “For the above reasons, I am constrained to disapprove the adopted budget and Justification Document 13(e) as not in compliance with the requirements of the Act and Ordinances.
SOURCE: The Office of New York State Comptroller Thomas DiNapoli.