What's happening
This bill requires detailed fiscal impact statements for bills affecting state or local finances before legislative consideration.
Why it matters
Increases transparency and accountability. by requiring lawmakers to see clear estimates of how proposed bills would affect state and local budgets, making it harder to pass costly legislation without public scrutiny.
Covers a broad range of bills. , including those that create, eliminate, or significantly change state programs, or alter revenues/expenses for the state or any local government—potentially affecting many policy areas.
Requires fiscal impact statements to be detailed and accessible. , specifying costs or savings for the next three years, including the sources of estimates, and mandates these statements are physically attached to bills before they reach legislators’ desks, ensuring informed decision-making.
Includes safeguards and exceptions. , so that inaccurate estimates do not invalidate laws, and exempts bills already covered by other fiscal note provisions or those with only discretionary impact on localities—balancing thorough review with legislative efficiency.
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Who cares
Headline styles
Require Three-Year Fiscal Projections
Plain English, a few words. Used as the page title.
Sponsors
18 Co-sponsors
History
- Referred to governmental operations
- Referred to governmental 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.
Require Three-Year Fiscal Notes
In Senate Committee · Finance · Sponsor Joseph A. Griffo
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4392
2017-2018 Regular Sessions
IN ASSEMBLY
February 2, 2017
Introduced by M. of A. GALEF, McDONALD, WOERNER, MAGEE, FAHY, KOLB, SKARTADOS, GRAF, GIGLIO, MONTESANO, WALTER, STEC -- Multi-Sponsored by -- M. of A. CROUCH, HAWLEY, LALOR, LOPEZ, McDONOUGH, McKEVITT, RAIA, THIELE -- read once and referred to the Committee on Governmental Operations
AN ACT to amend the legislative law, in relation to fiscal impact notes on bills and to repeal certain provisions of such law relating thereto
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 51 of the legislative law is REPEALED and a new section 51 is added to read as follows:
§ 51. Fiscal impact notes on bills affecting the state or political subdivisions. 1. As used in this section:
(a) the term "political subdivision" means any county, city, town, village, special district or school district, or any agency, authority, commission, department or instrumentality thereof.
(b) the term "qualifying bill" means any bill or amendment to a bill filed on or after the effective date of this section which establishes or eliminates a state program, significantly changes services required to be provided by such program, or results in a change in revenues or expenses of the state or any political subdivision.
2. Before discharging qualifying bills from consideration, the senate finance committee or the assembly ways and means committee shall prepare for each such bill a fiscal impact statement clearly detailing the estimated cost or savings entailed by such bill to the state and affected political subdivision for the three fiscal years following adoption of such bill. Such fiscal impact statement shall also provide the source or sources of such estimates.
3. A fiscal impact statement required to be prepared under this section shall be made and shall remain a part of the bill it describes,
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05153-01-7
A. 4392 2
and shall be affixed to the bill before it is laid upon the members' desks for consideration.
4. In determining the fiscal impacts of a bill, the senate finance committee and assembly ways and means committee shall estimate such impacts on the basis of any or all of the following:
(a) individual political subdivisions;
(b) aggregates of political subdivisions either statewide or by a lesser geographic area;
(c) representative political subdivisions with relevant characteristics such as population, area, average income, weighted average daily attendance of pupils, or any other relevant characteristics appropriate to the estimate; or
(d) any other appropriate, convenient or accessible grouping of characteristics or political subdivisions.
5. Estimated or actual fiscal impacts disclosed under this section shall be reported in units of money, services, personnel, equipment, or any other appropriate, convenient or accessible unit or units of measurement.
6. If the estimates contained in a fiscal impact statement are inaccurate, such inaccuracies shall not affect, impair or invalidate such bill.
7. Fiscal impact statements shall not be required for bills: (a) subject to the provisions of section fifty of this article, or (b) accompanied by special home rule requests submitted by each affected political subdivision, or (c) which provide only discretionary authority to political subdivisions, or (d) submitted pursuant to section twentyfour of the state finance law.
§ 2. This act shall take effect on the first of January next succeeding the date on which it shall have become a law.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.