Requires municipalities to submit a multi-year financial plan to the comptroller

This bill requires cities, counties, towns, and villages with annual budgets over ten million dollars to submit a multi-year financial plan to the state comptroller. These plans must be filed by the municipality's chief financial officer within 120 days after the budget is adopted and must cover the current budget plus the next two fiscal years. The documents need to include detailed projections for employment, spending, debt service, and revenue sources, along with strategies for maintaining long-term fiscal stability. While the bill was enacted, a recent action indicates that the clause adding the enacting clause was struck, potentially affecting its immediate implementation.