N.Y. Second Class Cities Law § 77: Tax budget

§ 77. Tax budget. The amount of estimated expenditures contained in

the annual estimate adopted by the common council, less the amount of

estimated revenues applicable to the payment thereof and the amount of

all judgments payable prior to the tax levy, shall constitute the tax

budget. The common council shall levy and cause to be raised by tax the

amount of said budget, and the amount shall be levied, assessed and

raised by tax upon the real and personal property liable to taxation in

the city at the time and in the manner provided by law.