Bill > S01979

This bill amends the legislative law to require more detailed fiscal impact notes for proposed legislation that would affect political subdivisions (which include counties, cities, towns, villages, special districts, and school districts). Specifically, the bill mandates that such legislation must include a comprehensive fiscal impact note that clearly states the estimated annual cost to the affected political subdivision and the source of that estimate. If the funding source is not specified in the note, the bill would be automatically invalidated. Additionally, if the fiscal impact note contains inaccurate estimates that would result in an annual net additional cost exceeding $10,000 to a single political subdivision or $1 million in aggregate across all political subdivisions, the bill would also be invalidated. The bill does include some exceptions, such as bills subject to certain existing provisions, those accompanied by special home rule requests, or those providing discretionary authority to political subdivisions. The purpose of these changes appears to be increasing transparency and accountability in legislative budgeting by ensuring that the financial implications of proposed laws are clearly and accurately disclosed.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1979