All Roll Calls
Yes: 75 • No: 1
New YorkS 101022025-2026 Regular SessionSenateWALLET
Provides for the implementation of certain parts of the state fiscal plan for the 2026-2027 state fiscal year
Sponsored By: José M. Serrano (Democratic)
Became Law
RULESWAYS AND MEANS
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
4 provisions identified: 0 benefits, 0 costs, 4 mixed.
South Country: faster aid, later offsets
From 2025–26 through 2054–55, the district can apply each year for an early state aid payment. In 2025–26 it can be up to $7 million; the amount then shrinks each year on a 30‑year schedule. Apply for 2025–26 by May 7, 2026; later years use a mid‑June window. Approved aid is paid by May 18, 2026 for 2025–26, and by June 30 in later years. The state then deducts the same base‑year amount from the district’s next aid—first from fixed fall payments, then from other payments. For future calculations, the state counts the base‑year advance plus current‑year aid together.
South Country schools can issue bonds
The South Country Central School District can issue up to $11 million in bonds to cover its certified 2025–26 deficit. Bonds must be issued by October 31, 2027. The school board may levy annual property taxes to pay the principal and interest. If the borrowing brings in more than the certified deficit, the extra is recorded like a planned balance under state rules. This authority starts April 1, 2026 and ends December 31, 2037.
Stronger budget oversight for South Country
From school years 2026–27 through 2054–55, the district’s chief fiscal officer must file quarterly budget reports. Each report compares estimated revenue and spending to actual results, suggests fixes for shortfalls, and includes a quarterly trial balance. Reports are due within 60 days after each quarter to state budget, comptroller, education officials, and fiscal committee chairs. The school board must change its proposed budget to follow recommendations from the State Comptroller and the Commissioner of Education from April 1, 2026 through December 31, 2037.
Orange County development agency monitor extended
The law extends the independent monitor rules for the Orange County Industrial Development Agency. Those provisions now expire four years after the 2023 act’s start instead of three. This law takes effect now but stops once the State’s 2026–27 budget is enacted.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & Cosponsors
Sponsor
José M. Serrano
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
committee vote • 4/29/2026
Rules Committee Vote
Yes: 18 • No: 0
Senate vote • 4/29/2026
FLOOR Vote
Yes: 57 • No: 1
Actions Timeline
SIGNED CHAP.107
4/29/2026SenateDELIVERED TO GOVERNOR
4/29/2026SenateRETURNED TO SENATE
4/29/2026HousePASSED ASSEMBLY
4/29/2026HouseMESSAGE OF NECESSITY - 3 DAY MESSAGE
4/29/2026HouseORDERED TO THIRD READING RULES CAL.105
4/29/2026HouseSUBSTITUTED FOR A11166
4/29/2026HouseREFERRED TO WAYS AND MEANS
4/29/2026HouseDELIVERED TO ASSEMBLY
4/29/2026SenatePASSED SENATE
4/29/2026SenateMESSAGE OF NECESSITY - 3 DAY MESSAGE
4/29/2026SenateORDERED TO THIRD READING CAL.877
4/29/2026SenateREFERRED TO RULES
4/29/2026Senate
Bill Text
Original
4/29/2026
Related Bills
S 10221 — Provides for emergency appropriation for the period April 1, 2026 through May 11, 2026
S 10166 — Provides for emergency appropriation for the period April 1, 2026 through May 6, 2026
S 10167 — Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers
S 10103 — Provides for emergency appropriation for the period April 1, 2026 through May 4, 2026
S 10060 — Provides for emergency appropriation for the period April 1, 2026 through April 30, 2026
S 9999 — Provides for emergency appropriation for the period April 1, 2026 through April 27, 2026
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in