# New York S 7028: Enacts the "city of Little Falls deficit financing act" authorizing the city of Little Falls, in the county of Herkimer, to finance certain deficits by the issuance of bonds

New York S 7028, Enacts the "city of Little Falls deficit financing act" authorizing the city of Little Falls, in the county of Herkimer, to finance certain deficits by the issuance of bonds, is a 2025-2026 Regular Session Senate bill sponsored by Mark Walczyk (Republican); status signed, last action 2025-06-26 (SIGNED CHAP.176) (as of 2026-10-15).

- Canonical: https://policyrisk.com/state-bill/NY-S7028-2025
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New York S 7028
- State: New York
- Session: 2025-2026 Regular Session
- Title: Enacts the "city of Little Falls deficit financing act" authorizing the city of Little Falls, in the county of Herkimer, to finance certain deficits by the issuance of bonds
- Status: signed
- Chamber: Senate
- Introduced: 2025-03-28
- Last action: 2025-06-26, SIGNED CHAP.176
- Sponsor: Mark Walczyk (Republican)
- Cosponsors: 0
- Subjects: LOCAL GOVERNMENT, CITIES
- Touches household money: no
- Roll calls: 4 (227 yes, 3 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Little Falls can borrow for deficits: mixed, low. Effective immediately, Little Falls in Herkimer County can issue up to $3.4 million in bonds by November 30, 2026. The borrowing covers expected deficits in its general, golf, and water funds for the year ending December 31, 2025. It can also cover remaining principal on budget, deficiency, or reve…
- Little Falls faces tighter financial oversight: mixed, low. The Little Falls City Council must adjust its proposed budget to follow the New York State Comptroller's recommendations. While bonds or short-term notes under this law remain unpaid, the mayor must submit quarterly budget reports and accounting balances. These are due within 30 days after each qua…

## Sponsors and cosponsors

- Sponsor: Mark Walczyk (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-06-16 | House | Assembly floor vote | pass | 144 | 0 |   |
| 2025-06-13 | Senate | FLOOR Vote | pass | 56 | 3 |   |
| 2025-06-12 | committee | Rules Committee Vote | pass | 20 | 0 |   |
| 2025-05-20 | committee | Local Government Committee Vote | pass | 7 | 0 |   |

## Actions (21)

- 2025-06-26: SIGNED CHAP.176 (Senate)
- 2025-06-26: DELIVERED TO GOVERNOR (Senate)
- 2025-06-16: RETURNED TO SENATE (House)
- 2025-06-16: PASSED ASSEMBLY (House)
- 2025-06-16: HOME RULE REQUEST (House)
- 2025-06-16: ORDERED TO THIRD READING RULES CAL.815 (House)
- 2025-06-16: SUBSTITUTED FOR A7902C (House)
- 2025-06-13: REFERRED TO CITIES (House)
- 2025-06-13: DELIVERED TO ASSEMBLY (Senate)
- 2025-06-13: PASSED SENATE (Senate)
- 2025-06-13: HOME RULE REQUEST (Senate)
- 2025-06-12: ORDERED TO THIRD READING CAL.1995 (Senate)
- 2025-06-12: COMMITTEE DISCHARGED AND COMMITTED TO RULES (Senate)
- 2025-06-06: PRINT NUMBER 7028C (Senate)
- 2025-06-06: AMEND AND RECOMMIT TO FINANCE (Senate)
- 2025-06-05: PRINT NUMBER 7028B (Senate)
- 2025-06-05: AMEND AND RECOMMIT TO FINANCE (Senate)
- 2025-05-21: PRINT NUMBER 7028A (Senate)
- 2025-05-21: AMEND AND RECOMMIT TO FINANCE (Senate)
- 2025-05-20: REPORTED AND COMMITTED TO FINANCE (Senate)
- 2025-03-28: REFERRED TO LOCAL GOVERNMENT (Senate)

## Bill text

- Amendment C, 2025-06-06: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S7028C)
- Amendment B, 2025-06-05: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S7028B)
- Amendment A, 2025-05-21: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S7028A)
- Original, 2025-03-28: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S7028)

## Related bills

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## Sources
- [Amendment C (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S7028C)
- [Amendment B (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S7028B)
- [Amendment A (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S7028A)
- [Original (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S7028)

## Related
- [S 9051: Prohibits artificial intelligence companions from using features which are cons…](https://policyrisk.com/state-bill/NY-S9051-2025)
- [S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer](https://policyrisk.com/state-bill/NY-S10643-2025)
- [A 5175: Requires certain security features and warning labels on baby monitors](https://policyrisk.com/state-bill/NY-A5175-2025)
- [A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose re…](https://policyrisk.com/state-bill/NY-A10052-2025)
- [S 9968: Establishes the Harris Hill Volunteer Fire Company Benevolent Association](https://policyrisk.com/state-bill/NY-S9968-2025)
- [S 8953: Establishes the Clarence Center Volunteer Exempt Firefighter's Benevolent Assoc…](https://policyrisk.com/state-bill/NY-S8953-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NY-S7028-2025 (as of 2026-10-15).