Int 0597-2024

Be it enacted by the Council as follows: Section 1. Section 34 of the New York city charter, as amended by a vote of the electors on November 4, 195, is amended to read as follows: �34. Vote required for local law or resolution. a. Except as otherwise provided by law, no local law or resolution shall be passed except by at least the majority affirmative vote of all the council members. b. A local law or resolution shall not be passed except by an affirmative vote of at least two-thirds of all the council members if such local law, as determined by the council's director of finance or his or her designee, provides for a net increase in city revenues in the form of: 1. the imposition of any new tax; 2. an increase in a tax rate or rates; 3. a reduction or elimination of a tax deduction, exemption, exclusion, credit or other tax exemption feature in computing tax liability; 4. an increase in a statutorily prescribed city fee or assessment or an increase in a statutorily prescribed maximum limit for an administratively set fee; 5. the imposition of any new city fee or assessment or the authorization of any new administratively set fee; or 6. the elimination of an exemption from a statutorily prescribed city fee or assessment. c. The requirements contained in subdivision b shall not apply to: 1. the effects of inflation, increasing assessed valuation or any other similar effect that increases city revenue but is not caused by an affirmative act of the council; or 2. fees and assessments that are authorized by law, but are not prescribed by formula, amount or limit, and are set by a city officer or agency. � 2. This local law takes effect immediately upon approval by the electorate at the next general election succeeding its enactment. Session 13 LS #142 1/16/2024 Session 12 CJM LS #142 04/19/2022_7:30AM 2