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Senate Bill S1876

2025-2026 Legislative Session

Relates to capping the state budget at fifteen percent of total state gross domestic product

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Current Bill Status - In Senate Committee Judiciary Committee

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2025-S1876 (ACTIVE) - Details

Current Committee:
Senate Judiciary
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 7 §2, Constn
Versions Introduced in 2023-2024 Legislative Session:
S5940

2025-S1876 (ACTIVE) - Summary

Relates to capping the state budget at fifteen percent of total state gross domestic product for the prior calendar year, as determined by the state comptroller.

2025-S1876 (ACTIVE) - Sponsor Memo

2025-S1876 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1876
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 14, 2025
                                ___________
 
 Introduced  by  Sen. WALCZYK -- read twice and ordered printed, and when
   printed to be committed to the Committee on Judiciary
 
             CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
 
 proposing an amendment to section 2 of article 7 of the constitution, in
   relation to capping the state budget at fifteen percent of total state
   gross domestic product
 
   Section 1. Resolved (if the Assembly concurs), That section 2 of arti-
 cle 7 of the constitution be amended to read as follows:
   § 2. Annually, on or before the first day of  February  in  each  year
 following  the year fixed by the constitution for the election of gover-
 nor and lieutenant governor, and on or before the second Tuesday follow-
 ing the first day of the annual meeting of the legislature, in all other
 years, the governor shall submit to the legislature a budget  containing
 a  complete plan of expenditures proposed to be made before the close of
 the ensuing fiscal year and all moneys  and  revenues  estimated  to  be
 available  therefor,  together  with an explanation of the basis of such
 estimates and recommendations as to proposed legislation, if any,  which
 the  governor  may  deem necessary to provide moneys and revenues suffi-
 cient to meet such proposed expenditures. It  shall  also  contain  such
 other  recommendations  and  information as the governor may deem proper
 and such additional information as may be required by law.  THE TOTAL OF
 SUCH PROPOSED EXPENDITURES CONTAINED IN SUCH  BUDGET  SHALL  NOT  EXCEED
 FIFTEEN  PERCENT  OF  THE  STATE'S  GROSS DOMESTIC PRODUCT FOR THE PRIOR
 CALENDAR YEAR, AS DETERMINED BY THE STATE COMPTROLLER.
   § 2. Resolved  (if  the  Assembly  concurs),  That  the  foregoing  be
 referred  to  the  first regular legislative session convening after the
 next succeeding general election of members of  the  assembly,  and,  in
 conformity  with  section  1  of  article  19  of  the  constitution, be
 published for 3 months previous to the time of such election.
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD89064-01-5

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