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Bill > S04092


NY S04092

Relates to establishing a cost of living adjustment for members of the legislature, which provides a mechanism for increasing or decreasing the member's allowance at the same rate as increases or decreases in the median household income.


summary

Introduced
01/31/2025
In Committee
01/31/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the legislative law, in relation to creating a cost of living adjustment to be applied to the salaries of members of the legislature

AI Summary

This bill establishes a cost of living adjustment mechanism for New York state legislators' base allowance, which will automatically increase or decrease their compensation every two years starting in January 2026 based on changes in the state's median household income. Specifically, the adjustment will mirror the percentage increase or decrease in median household income over the preceding two-year period, as determined by the governor. This approach aims to tie legislative compensation more directly to the economic conditions experienced by the average household in New York state, potentially providing a more dynamic and responsive method for setting legislative salaries. The bill amends the existing legislative law by adding a new subdivision that mandates this biennial adjustment, ensuring that legislators' pay is somewhat synchronized with broader economic trends affecting state residents.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 01/31/2025)

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