I know that after It is the first time... we should use the present perfect tense (but some intellectuals native speakers of English will use other tenses), but does it apply to this is the first year...?
Either present perfect or present continuous. Those are the two tenses that come to my mind.
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.