NY A08487

Requires all contractors entering into state contracts to submit equal pay reports disclosing workforce pay averages by job category, gender, race, and ethnicity, along with pay differences expressed as percentages.

Exempts small businesses employing 100 or fewer individuals from the equal pay disclosure requirements.

Applies to state contracts exceeding $50,000 (or $85,000 for office of general services contracts) that are subject to comptroller approval.

Directs the state comptroller to issue annual fiscal year reports to the governor, legislature, and other officials summarizing contractor equal pay data, which must be publicly available with individual employee names and social security numbers redacted.

Authorizes the comptroller to promulgate regulations requiring state contracting agencies to assess contractors' equal pay practices as a factor in bid and proposal evaluation, though such assessment cannot automatically reject bids based solely on equal pay practices.