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NY A07795
Bill
Status
4/11/2025
Primary Sponsor
Joseph DeStefano
Click for details
AI Summary
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Requires bills affecting revenues or expenses of political subdivisions (counties, cities, towns, villages, special districts, school districts) to include a detailed fiscal impact note with estimated annual costs and the source of those estimates
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Mandates that fiscal impact notes clearly identify the funding source for any costs to political subdivisions; omission of the funding source invalidates the bill
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Removes the "substantially" qualifier, meaning all bills affecting political subdivision finances would require fiscal notes, not just those with substantial impact
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Invalidates bills if fiscal note estimates prove inaccurate and result in annual net additional costs exceeding $10,000 to any single political subdivision or $1 million aggregate to all political subdivisions statewide
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Exempts certain bills from fiscal note requirements, including those with home rule requests from political subdivisions, those providing discretionary authority, and executive budget bills
Legislative Description
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Last Action
referred to governmental operations
1/7/2026