Bill > S01565

This bill requires that any ballot proposition in New York State that involves creating state debt must now include two key pieces of financial information: an estimate of how many years it will take to pay off the debt (amortization period) and the total expected debt service (total amount of principal and interest payments) until the bonds are fully retired. Specifically, this information must be printed in the largest practicable type on the ballot itself. Additionally, the state comptroller must provide these details to the state board of elections and secretary of state within seven days of the law authorizing the proposition being passed. The bill also mandates that any state publication or document intended to explain or promote such a debt proposition must include the same amortization and debt service information, again in the largest possible type. The goal of these requirements appears to be increasing transparency and helping voters better understand the long-term financial implications of proposed state debt before they vote on ballot measures.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1565