Bill > A07795

This bill amends the legislative law to require more detailed fiscal impact notes for proposed legislation that could affect political subdivisions (which includes counties, cities, towns, villages, special districts, and school districts). The bill mandates that such legislation must include a comprehensive fiscal impact note specifying the estimated annual cost to the affected political subdivision and explicitly identifying the funding source for that cost. If the funding source is not clearly outlined in the note, the bill will be automatically invalidated. Additionally, the bill stipulates that 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 will also be invalidated. The legislation aims to increase transparency and financial accountability in the legislative process by ensuring that proposed laws with potential financial implications are thoroughly examined and have clearly defined funding mechanisms before being enacted.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A7795