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Who cares
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Sponsors
2 Co-sponsors
History
- Referred to finance
- Referred to finance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for a June 1 to May 31 state fiscal year; repealer
In Assembly Committee · Ways And Means · Sponsor Brian Kavanagh
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1153
Title of bill
An act to amend the state finance law, in relation to the fiscal year of the state and repealing section 3 of such law relating thereto
Purpose
This legislation repeals section three of the state finance law and adds a new section three, designating the first day of June as the commencement of the state's fiscal year. This legislation also designates that by April 15th of each year, the Legislature must adopt a joint resolution that contains the maximum appropriation to each state agency for state operations, local assistance and capital construction.
Justification
The current April 1st deadline for passage of the state budget only gives the Legislature three months to analyze the Governor's budget. Additionally, after a gubernatorial election year, the Governor does not have to submit his budget until February 1st, which gives the Legislature only two months to pass it. Another advantage of a later passage date is that it will give the legislature a more accurate estimate of tax receipts which were filed by April 15th.
Legislative history
2011/2012 - A.3682/S.1189A Referred to Senate Committee on Finance and Assembly Committee on Ways and Means 2009/2010 - S.377 Remained in the Senate Committee on Finance 2007/2008 - S.722A Remained in the Senate Committee on Finance 2005/2006 - S.227 Remained in the Senate Committee on Finance
Fiscal implications for state and local governments
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.