New York Second Class Cities Law Section 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.

Last modified: February 3, 2019