§ 57A-8. Annual operating and capital budgets.

A. 

The Commission shall prepare an annual operating budget for submission to the Common Council on or before the fourth Monday of February in each year. Such budget may be approved, modified or amended by a majority vote of the entire membership of the Council. Such budget shall thereupon be forwarded to the Comptroller for presentation to the Board of Estimate and Taxation.

B. 

The Commission shall prepare an annual capital budget and capital projects program for the ensuing five-year period for submission to the Comptroller and the City Planning Commission on or before the first day of January in each year and which shall be subject to approval in the same manner as the capital budget for all other City departments as required by law.