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Bill > S02259


NY S02259

NY S02259
Provides for indexing of certain appropriations; provides that on and after January 1, 2027 and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is cal


summary

Introduced
01/16/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the highway law, in relation to indexing appropriations

AI Summary

This bill amends the highway law to establish an automatic indexing mechanism for certain appropriations starting January 1, 2027. Specifically, the bill requires the commissioner to annually adjust appropriation levels using the national highway construction cost index, which measures changes in highway construction expenses. On each January 1st beginning in 2027, the commissioner will increase appropriations by the inflation rate for the most recent twelve-month period, but only if that rate is greater than zero percent. The inflation rate will be calculated using the national highway construction cost index (or a successor index from the federal highway administration). This mechanism is designed to ensure that highway-related funding keeps pace with actual construction and infrastructure costs, potentially helping to maintain the real value of appropriations over time by accounting for economic changes. The bill takes effect immediately upon passage.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

REFERRED TO TRANSPORTATION (on 01/07/2026)

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