Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 08, 2012 |
opinion referred to judiciary |
Jan 09, 2012 |
to attorney-general for opinion |
Jan 04, 2012 |
referred to finance |
Feb 02, 2011 |
opinion referred to judiciary |
Jan 19, 2011 |
referred to ways and means delivered to assembly passed senate |
Jan 18, 2011 |
ordered to third reading cal.3 reported and committed to rules |
Jan 14, 2011 |
to attorney-general for opinion referred to finance |
Senate Bill S1892
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Judiciary Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(R, C, IP) Senate District
(R, C) 60th Senate District
(R, C) 53rd Senate District
(R, C, IP, RFM) 24th Senate District
2011-S1892 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4976
- Current Committee:
- Senate Judiciary
- Law Section:
- Constitution, Concurrent Resolutions to Amend
- Laws Affected:
- Add Art 7 §7-a, rpld & add §17, Constn
2011-S1892 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1892 TITLE OF BILL: CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to article 7 of the constitution, in relation to limiting the growth on New York state disbursements and creating a revenue stabilization tax reduction and debt repayment fund; repealing section 17 of article 7 of the constitution relating to authorizing the establishment of a fund to aid in the stabilization of tax revenues PURPOSE: The purpose of this legislation is to ensure state fiscal discipline by constitutionally limiting the percentage of growth from fiscal year to fiscal year in the state's budget. SUMMARY OF PROVISIONS: Section 1 amends Article VII, by creating a new Section 7-a which limits state fiscal year spending to the preceding year's spending plus the product of the preceding years spending the lesser of 120% of the inflation rate or 2%. Section 2 repeals Section 17 of Article VII and adds a new Section 17 which requires revenues in excess of the state spending limitation be deposited into the tax stabilization
2011-S1892 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1892 2011-2012 Regular Sessions I N S E N A T E January 14, 2011 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Finance CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to article 7 of the constitution, in relation to limiting the growth on New York state disbursements and creating a revenue stabilization tax reduction and debt repayment fund; repealing section 17 of article 7 of the constitution relating to authorizing the establishment of a fund to aid in the stabilization of tax reven- ues Section 1. Resolved (if the Assembly concur), That article 7 of the constitution be amended by adding a new section 7-a to read as follows: S 7-A. 1. EXCEPT IN THE CASE OF AN EMERGENCY, THE GOVERNOR SHALL NOT SUBMIT ANY APPROPRIATION BILL OR BILLS, NOR SHALL THE LEGISLATURE ACT UPON ANY SUCH APPROPRIATION BILL OR SUPPLEMENTAL APPROPRIATION BILL OR BILLS FOR THE SUPPORT OF GOVERNMENT WHICH AUTHORIZE AN INCREASE IN TOTAL STATE SPENDING OVER THE PRECEDING STATE FISCAL YEAR WHICH IS IN EXCESS OF THE PRODUCT OF THE TOTAL STATE SPENDING FOR THE PRECEDING FISCAL YEAR AND THE LESSER OF ONE HUNDRED TWENTY PERCENT OF THE INFLATION RATE OR TWO PERCENT. 2. UPON A FINDING AND DECLARATION OF AN EMERGENCY BY THE GOVERNOR WITH CONCURRENCE OF THE COMPTROLLER, THE GOVERNOR MAY SUBMIT AN APPROPRIATION BILL OR BILLS WHICH AUTHORIZE TOTAL STATE SPENDING IN EXCESS OF THE LIMITATION PROVIDED IN SUBDIVISION ONE OF THIS SECTION. 3. FOR PURPOSES OF THIS SECTION: A. "TOTAL STATE SPENDING" SHALL MEAN ALL STATE FUNDS, WHICH SHALL CONSTITUTE: (I) GENERAL FUNDS; (II) SPECIAL REVENUE FUNDS; (III) CAPITAL PROJECT FUNDS; (IV) DEBT SERVICE FUNDS. B. "INFLATION RATE" SHALL MEAN THE ANNUAL PERCENTAGE CHANGE IN THE CONSUMER PRICE INDEX, ALL URBAN, AS PUBLISHED BY THE BUREAU OF LABOR STATISTICS, OR ANY SUCCESSOR AGENCY, FOR THE PREVIOUS TWELVE MONTH PERI- OD ENDING OCTOBER THIRTY-FIRST. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. S LBD89094-02-1
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