Bill > A10002

This bill appropriates funds for the state's debt service and lease purchase payments, as well as other special contractual obligations, for the fiscal year beginning April 1, 2026. It allocates significant amounts for general obligation bonds, including those for environmental, transportation, and educational purposes, and also covers payments for special contractual obligations such as those related to the City University Construction Fund and the Gateway Development Commission. Additionally, the bill provides funding for revenue bond financing agreements, which are tied to personal income tax and sales tax revenue, and includes appropriations for debt service and related expenses for health-related facilities and school capital facilities. A substantial portion is also designated for debt reduction, including retiring or defeasing previously issued bonds and potentially transferring funds to capital projects. Finally, it allocates funds from the general fund for rebates to the federal government to maintain the tax-exempt status of interest on state obligations and for redeeming general obligation bonds.

Budget and Finance

Budget (Senate)

https://www.nysenate.gov/legislation/bills/2025/A10002