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Who cares
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Sponsors
No co-sponsors yet.
History
- Print number 5853a
- Amend and recommit to finance
- 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.
Relates to the funding of public transit systems; repealer
In Assembly Committee · Ways And Means · Sponsor Patricia Fahy
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to the funding of public transit systems; and to repeal paragraph (c) of subdivision 5 of section 88-a of the state finance law relating thereto
Purpose
This bill relates to the funding of public transit systems.
Summary of provisions
Section 1 - Repeals paragraph(c) of subdivision 5 of section 88-a of the state finance law and adds two new paragraph (c) and (d).
Section 2 - This act shall take effect immediately.
Justification
Transit systems require revenues that grow with the level of service and operating expenses. State revenue sources funding upstate transit operating assistance continue to be flat while as transit ridership is growing upstate and the public demands increased service. Despite implementing efficiencies, the cost to provide that transit service increases each year and, unlike, NYC, Upstate does not have an alternative mass transit system from which to obtain these services.
This bill would rectify the long-standing structural imbalancing with upstate transit funding by providing a one-time increase in state aid and also provide for automatic annual increases from the general fund at the same percentage as revenues provided to Downstate transit systems. Since Downstate transit systems currently benefit from several inflation-sensitive revenue sources that provide for annual growth in state aid, this legislation will provide upstate transit systems with a growth in state aid similar to Downstate transit systems.
Legislative history
New bill
Fiscal implications
None to existing receipts
Effective date
This act shall take effect immediately after it shall become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.