Massachusetts General Law, Chapter 44, section 56A hereby amended by striking the section and inserting the following new section:

Section 56A Cities; fiscal year

Section 56A The fiscal year of all cities of the commonwealth shall begin with July first and end with the following June thirtieth, notwithstanding the provisions of their respective charters, and the returns made to the director under section forty-three shall show the financial condition of the city at the close of business on June thirtieth; provided, however, that the treasurer shall, until July fifteenth, enter in the books all items for the payment of bills incurred and the salaries and wages earned during the previous fiscal year, excepting payment of school teachers’ salaries which have been deferred under the provisions of section forty of chapter seventy-one, and the expenditures therefor shall be deemed to be as of June thirtieth preceding. 

By amending, appending after “ as of June 30 thirtieth preceding,” by adding, “and that by July 30 all cities disclose the close of business, its actual, departmental expenses versus appropriations in tax rate recapitulation format, amounts to be raised and actual expense, state charges expense versus appropriation, overlay for abatements and exemptions, state reimbursement to expense, local estimated receipts estimated against actual receipts, water sewer and other estimated revenues itemized versus actuals, free cash appropriated, as well as, available funds amounts appropriated, and expended available funds transferred and expensed, for the just concluded fiscal year in a local news media legal the municipal corporation’s close of business including a preliminary tax rate.