Bill > S05380

This bill amends the New York legislative law to require that every introducer's memorandum (a document that explains the purpose and intent of a proposed bill) must now include a statement of fiscal impact specifically detailing how the proposed legislation would affect political subdivisions, such as counties, cities, towns, and villages. The bill mandates that these memorandums provide a clear explanation of the potential financial consequences the proposed legislation might have on local government entities. By requiring this additional fiscal impact information, the bill aims to provide lawmakers and the public with more transparency about the potential economic implications of proposed legislation on local governments. The amendment becomes effective immediately upon passage, meaning that all new bills introduced after this law takes effect must include the detailed fiscal impact statement for political subdivisions.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S5380