RESOLUTION NO. 507 -2014, ADOPTING LOCAL LAW NO.?-2014, A CHARTER LAW TO CONSOLIDATE FINANCIAL MANAGEMENT FUNCTIONS IN THE COUNTY DEPARTMENT OF AUDIT AND CONTROL Resolution No. 507-2014, is a Charter Law that proposes to transfer and consolidate the functions of the Department of Finance and Taxation into the Department of Audit and Control, headed by a County Comptroller elected from the general population. If approved, this Resolution will eliminate the existing office of County Treasurer and consolidate all powers and duties of the Treasurer in the office of the County Comptroller, effective January 1, 2018. Shall Resolution No. 507-2014 be approved?

Resolution No. 579-2014, "A Charter Law Amending the ¼% Suffolk County Drinking Water Protection Program (DWPP) for Enhanced Water Quality Protection, Wastewater Infrastructure And General Property Fund Tax Relief for Suffolk County" Resolution No. 579-2014 is a Charter Law that: i. extends the sunset period found in Local Law No. 44-2011 from 2013 to 2017 to allow the use of excess Assessment Stabilization Reserve Fund balance for deposits to reserve funds for the payment of County bonds or retirement contributions to provide general property tax relief; ii. mandates, commencing in County Fiscal Year 2018 and continuing through Fiscal Year 2029, the restoration of funds allocated from the Assessment Stabilization Reserve Fund in 2014, 2015, 2016 and 2017; iii. allows the use of excess Assessment Stabilization Reserve Funds Balances to fund sewer infrastructure, sewage treatment plants, and the installation of enhanced nitrogen removal septic systems throughout Suffolk County; iv. authorizes the County to issue $29.4 million in serial bonds for a 2014 Enhanced Suffolk County Water Quality ProtectProtection Program. The phrase ¿excess Assessment Stabilization Reserve Fund Balance¿ means balances in the sewer rate stabilization component of the DWPP greater than needed for sewer district tax rate stabilization only in those instances in which the pertinent sewer district will experience an increase in rates of at least 3% in the aggregate. Shall Resolution No. 579-2014 be approved?