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Sponsors
Senator · Senate District 3
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
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.
Requires fiscal impact notes on bills affecting political subdivisions including identifying a source of funding for the annual cost of the legislation
In Assembly Committee · Governmental Operations · Sponsor Dean Murray
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4272
Title of bill
An act to amend the legislative law, in relation to requiring detailed fiscal impact notes on certain legislation
Purpose or general idea of bill
To require detailed fiscal impact notes on all bills that affect the revenues or expenses of any political subdivisions, stating the estimated annual cost to the political subdivision and the funding source.
Summary of specific provisions
Section 1 requires detailed fiscal impact notes on all bills that affect the revenues or expenses of any political subdivision, stating the estimated annual cost, the source of the estimate, and the funding source of such annual cost to the political subdivision. Also, this provision invalidates bills that have fiscal impact notes that are inaccurate and result in an annual net additional cost to any political subdivision in excess of $10,000 or $1 million statewide.
Section 2 contains the effective date.
Justification
According to the Tax Foundation, New York State has the second highest combined state and local tax burden in the nation and contains nine out of the ten highest taxed counties. These out of control property taxes can be partially attributed to costly mandates handed down from the state to municipalities and school districts. Too often, legislation imposing these mandates on localities is passed without Legislators knowing the true fiscal impact of the legislation. This is because current New York State Law does not require fiscal impact notes on all bills that affect the revenues or expenses of a locality.
This legislation will require detailed fiscal impact notes on all bills that effect local budgets. Creating transparency will help stop new mandates that cripple our local governments from being enacted.
Prior legislative history
A. 9766 of 2012. A. 3391 of 2013-14.
Fiscal implications
This legislation could provide savings to local governments.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.