All Roll Calls
Yes: 191 • No: 19
New YorkS 101022025-2026 Regular SessionSenate
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)
Signed by Governor
RULESWAYS AND MEANS
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 0 costs, 3 mixed.
Orange County agency monitoring lasts longer
The law extends independent monitoring of the Orange County Industrial Development Agency from three years to four years. That period runs from the effective date of the 2023 act, not this law. The amendment takes effect immediately but ends when legislation constituting the 2026-27 state budget is enacted. It does not create a household payment, tax change, or benefit rule.
South Country borrowing brings repayment and oversight
Beginning April 1, 2026, South Country Central School District can borrow up to $11 million for its June 30, 2026, general-fund deficit. Borrowing cannot exceed the state comptroller’s certified deficit, and bonds must be issued by October 31, 2027. The district can issue short-term notes before selling bonds and levy annual property taxes to repay principal and interest. Any proceeds above the certified deficit count as property-tax proceeds under the comptroller’s accounting guidance. The school board must adjust its proposed budget to follow recommendations from the state comptroller and education commissioner. From 2026-27 through 2054-55, its chief financial officer must prepare quarterly budget reports and trial balances using standard accounting rules. Reports must compare budget estimates with actual results, identify trends, and recommend fixes for shortfalls or overspending. Within 60 days after each quarter, reports go to the school board, state budget and comptroller offices, education commissioner, and legislative finance chairs. The bond provisions expire December 31, 2037; the monitoring provisions expire June 30, 2055.
South Country gets earlier, not extra, aid
Beginning April 1, 2026, South Country Central School District can request early state aid for 2025-26 through 2054-55. The annual limit is $7 million times the years remaining in that 30-year period, divided by 30. Approval requires the prescribed application and compliance with reporting requirements; money must support district services, educational programs, or district liabilities. For 2025-26, applications are due May 7, 2026, and approved payments are due May 18, 2026. Later applications run from the second Monday in June through the Friday after the third Monday; payments are due June 30. Advances reduce later general-aid payments, first the fixed fall payments and then other scheduled payments in date order. This changes when the district gets money, rather than adding aid; the provisions expire June 30, 2055.
Sponsors & Cosponsors
Sponsor
José M. Serrano
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/29/2026
FLOOR Vote
Yes: 57 • No: 1
committee vote • 4/29/2026
Rules Committee Vote
Yes: 18 • No: 0
House vote • 4/29/2026
Assembly floor vote
Yes: 116 • No: 18
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
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