Senate Bill S5794

2025-2026 Legislative Session

Includes the city of New York in the aid and incentives for municipalities program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance 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

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2025-S5794 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Amd §54, St Fin L
Versions Introduced in 2023-2024 Legislative Session:
S8592

2025-S5794 (ACTIVE) - Summary

Includes the city of New York in the aid and incentives for municipalities program for fiscal years beginning 4/1/2025 and thereafter.

2025-S5794 (ACTIVE) - Sponsor Memo

2025-S5794 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5794
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 3, 2025
                                ___________
 
 Introduced by Sen. SEPULVEDA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the state finance law, in relation to including the city
   of New York in the aid and incentives for municipalities program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph of paragraph j of subdivision  10  of
 section  54  of the state finance law, as amended by section 4 of part I
 of chapter 57 of the law of 2011, is amended to read as follows:
   In the state fiscal year commencing April first, two thousand seven  a
 city  with  a  population  of  one  million or more shall receive twenty
 million dollars on or before December fifteenth.  In  the  state  fiscal
 year  commencing  April  first,  two thousand eight, a city with a popu-
 lation of one million or  more  shall  receive  two  hundred  forty-five
 million  nine  hundred  forty-four  thousand  eight  hundred thirty-four
 dollars payable on or before December fifteenth.  In  the  state  fiscal
 [year] YEARS commencing April first, two thousand nine, AND APRIL FIRST,
 TWO  THOUSAND  TWENTY-FIVE  AND  IN EACH STATE FISCAL YEAR THEREAFTER, a
 city with a population of  one  million  or  more  shall  receive  three
 hundred  one million six hundred fifty-eight thousand four hundred nine-
 ty-five dollars payable on or before December fifteenth. Special aid and
 incentives for municipalities to the city of New York  shall  be  appor-
 tioned and paid as required as follows:
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10469-01-5

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