This local law would state that in any given fiscal year, upon agreement by the Mayor and the Council, 2.5 percent of the City’s real property tax revenue would be appropriated to the City’s three library systems for their operation and maintenance.
- Filed (End of Session)
Int. No. 680
By Council Member Van Bramer and the Public Advocate (Mr. Williams)
A Local Law to amend the administrative code of the city of New York, in relation to appropriation of funds for the operation and maintenance of the library systems
Be it enacted by the Council as follows:
Section 1. Section 5-509 of the administrative code of the city of New York is amended by adding a new subdivision 7 to read as follows:
7. Upon agreement between the mayor and the council, a sum representing two and one-half percent of the real property tax revenue assessed each fiscal year shall be appropriated to the operation and maintenance of the library systems.
§ 2. This local law takes effect immediately.