RESOLUTION
BY COUNCIL PRESIDENT COLLINS-BELLAMY, MAJORITY LEADER RUBBO, MAJORITY WHIP ROBINSON, MINORITY LEADER BREEN, COUNCILMEMBERS, PINEDA -ISAAC, DIAZ AND MERANTE:
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RESOLUTION ISSUING A HOME RULE MESSAGE FOR SENATE BILL NO. S434 AND ASSEMBLY BILL NO. A5323, AN ACT TO AMEND THE LOCAL FINANCE LAW, IN RELATION TO THE SALES TAX OF THE CITY OF YONKERS.
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WHEREAS, the City of Yonkers currently receives revenue from a three percent and an additional one percent sales tax, the imposition of which are authorized under New York State Tax Law, Article 29, Section 1210; and
WHEREAS, these sales tax provides supplemental revenue to the City of Yonkers; and
WHEREAS, these sales tax are each set to expire by operation of law on November 30, 2025, unless said date is extended; and
WHEREAS, should these sales tax expire, the loss of such revenue at this time will result in a gap between the revenues and expenditures of the City of Yonkers; and
WHEREAS, Senate Bill No. S434 and Assembly Bill No. A5323 have been introduced into the New York State Legislature for the purpose of extending said authorizations.
NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Yonkers hereby issues this Home Rule Request Message for Senate Bill No. S434 and Assembly Bill No. A5323 to amend Section 1210 of Article 29 of the New York State Tax Law to extend until November 30, 2027, both the three percent and one percent sales tax of the City of Yonkers; and
BE IT FURTHER RESOLVED, that the City Council requests the City Clerk to forward a copy of this Home Rule Request Message to Legislature of the State of New York requesting the passage of the aforesaid bills.