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New YorkS 33672025-2026 Regular SessionSenateWALLET

Raises the exclusion of certain indebtedness of school districts other than school districts in a city with one hundred twenty-five thousand inhabitants or more

Sponsored By: Shelley Mayer (Democratic)

Became Law

LOCAL GOVERNMENTWAYS AND MEANS

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

More borrowing room for local school districts

School districts outside cities of 125,000+ people can leave out some state‑aided school building debt when counting their legal borrowing limit. The education commissioner must estimate that state building aid will cover the interest and yearly payments on that debt. The estimate must describe the debt and is only good until the next June 30. The commissioner sets the application format, and the Education Department gives three certified copies of the estimate at no charge. Districts must attach a certified copy of the estimate to the debt statement they file and may deduct the allowed excluded amount there.

Cap on school shelter debt exclusion

Local school districts can also leave out part of debt for fallout shelter projects when counting borrowing limits. This applies to shelters built under the state defense emergency law. The excluded amount is capped at $50 multiplied by the planned number of people the shelter can hold. Any debt above that cap still counts toward the limit.

Sponsors & Cosponsors

Sponsor

  • Shelley Mayer

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 59 • No: 0

Senate vote • 5/15/2025

FLOOR Vote

Yes: 52 • No: 0

committee vote • 2/25/2025

Local Government Committee Vote

Yes: 7 • No: 0

Actions Timeline

  1. SIGNED CHAP.545

    11/21/2025Senate

  2. DELIVERED TO GOVERNOR

    11/17/2025Senate

  3. RETURNED TO SENATE

    5/21/2025House

  4. PASSED ASSEMBLY

    5/21/2025House

  5. ORDERED TO THIRD READING RULES CAL.205

    5/21/2025House

  6. SUBSTITUTED FOR A2318

    5/21/2025House

  7. REFERRED TO WAYS AND MEANS

    5/15/2025House

  8. DELIVERED TO ASSEMBLY

    5/15/2025Senate

  9. PASSED SENATE

    5/15/2025Senate

  10. ADVANCED TO THIRD READING

    3/3/2025Senate

  11. 2ND REPORT CAL.

    2/26/2025Senate

  12. 1ST REPORT CAL.375

    2/25/2025Senate

  13. REFERRED TO LOCAL GOVERNMENT

    1/27/2025Senate

Bill Text

  • Original

    1/27/2025

    PDF

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