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History
- Referred to local governments
- Referred to local governments
Full text
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Sponsor's memo
BILL NUMBER:A9248
Title of bill
An act to amend the general municipal law and the town law, in relation to increasing the revenue threshold for annual audit of fire districts
Purpose or general idea of bill
This bill will raise the revenue level at which fire departments are audited from $200,000 to $300,000.
Summary of specific provisions
This bill amends subdivision 1 of section 209-z of the general municipal law to read that any fire company which brings in a revenue the exceeds $300,000 must obtain an annual audit of its records.
Justification
The fire districts of New York State are experiencing an increase in the cost of goods and services. This constant rise in costs has brought fire districts close to exceeding the $200,000 limit on an annual basis. Under current law, if a district exceeds the $200,000 revenue limit an audit must be done. However, the cost of this audit is an additional cost to the taxpayers of this district. This burden grows further if the district exceeds this limit regularly. This legislation allows for further expansion of the services the district can provide without any unnecessary burden on the taxpayers to pay for annual audits.
Prior legislative history
New bill.
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.