§ 3857. City financial plans. 1. Commencing with the city's two\nthousand four--two thousand five fiscal year, the mayor shall prepare\nand submit to the authority a four-year financial plan, and the mayor's\nproposed city budget, not later than the date required for submission of\nsuch budget to the council pursuant to the city charter. Such financial\nplan shall, in addition to the requirements for financial plans set\nforth in subdivisions two and three of this section, contain actions\nsufficient to ensure with respect to the major operating funds for each\nfiscal year of the plan that annual aggregate operating expenses for\nsuch fiscal year shall not exceed annual aggregate operating revenues\nfor such fiscal year. For purposes of determining operating revenues in\nthe fiscal years ending June thirtieth, two thousand four through two\nthousand seven, such plan may assume receipt by the city of BFSA\nassistance in the following collective amounts for each respective\nfiscal year:\n Amount Fiscal Year Ending\n 2004 amount 2004\n 2005 amount 2005\n 2006 amount 2006\n 2007 amount 2007\nAs used in this subdivision:\n"2004 amount" means that amount expected to be provided by the authority\nto ensure balanced major operating fund operations upon its\ndetermination that the city has taken recurring actions to close between\nthirty-five per centum and forty per centum of the projected gap.\n"2005 amount" means that amount expected to be provided by the authority\nto ensure balanced major operating fund operations upon its\ndetermination that the city has taken recurring actions to close between\nforty-five per centum and fifty per centum of the projected gap.\n"2006 amount" means that amount expected to be provided by the authority\nto ensure balanced major operating fund operations upon its\ndetermination that the city has taken recurring actions to close between\nsixty per centum and sixty-five per centum of the projected gap.\n"2007 amount" means that amount expected to be provided by the authority\nto ensure balanced major operating fund operations upon its\ndetermination that the city has taken recurring actions to close between\neighty per centum and eighty-five per centum of the projected gap.\n 2. Each financial plan and financial plan modification shall conform\nto the requirements of paragraph (a) of this subdivision and shall\nprovide that the major operating funds of the city will be balanced in\naccordance with generally accepted accounting principles. The financial\nplan shall be developed and approved, and may from time to time be\nmodified, in accordance with the following procedures:\n (a) The mayor shall submit to the authority a certificate stating that\nthe budget submitted to the authority is consistent with the financial\nplan submitted therewith and that operation within the budget is\nfeasible.\n (a-1) Prior to the approval or disapproval of the financial plan of\nthe city by the authority, the authority shall request community,\neducational or other entity or entities to seek public input and comment\nrelating to the city's and/or any covered organization's financial plan.\nSuch community, educational or other entity or entities shall report to\nthe authority on such public input and comment ten days after the city\nhas submitted the financial plan to the authority. The authority shall\nevaluate any proposals submitted to the authority for cost savings\nand/or service delivery enhancement in the city, and shall periodically,\nat least twice a year, summarize in a public report the authority's\nfindings with respect to such proposals that, in the opinion of the\nauthority, merit further consideration based on their potential impact\non the city's budget. The authority shall provide public notice of the\ndates on which it plans to make such public reports.\n (b) Not more than twenty days
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