Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Summary
Bill S01979 aims to amend the legislative law in New York by requiring detailed fiscal impact notes for legislation that affects political subdivisions, such as counties, cities, towns, villages, special districts, and school districts. The bill mandates that any bill expected to substantially affect the revenues or expenses of these subdivisions must include a fiscal impact note that states the estimated annual cost and identifies the funding source. If the funding source is omitted, the bill will be invalidated. Additionally, inaccuracies in the fiscal estimates that result in costs exceeding specified thresholds will not invalidate the bill.
Impact
The implementation of this bill would enhance transparency and accountability in the legislative process by ensuring that lawmakers and the public are informed about the financial implications of proposed legislation on local governments. It will require a systematic approach to fiscal analysis, potentially leading to more informed decision-making and budgetary planning at the state and local levels. The bill also sets clear thresholds for when fiscal notes are necessary, which could streamline legislative procedures.
Sentiment
The sentiment surrounding Bill S01979 appears to be cautiously supportive, as it aims to provide clearer financial accountability for legislation affecting local governments. However, there may be concerns regarding the administrative burden this could place on legislative processes and the potential for delays in passing bills due to the requirement for detailed fiscal analyses.
Contention
Points of contention may arise regarding the potential administrative burden on lawmakers and the legislative process, particularly from those who argue that the requirement for detailed fiscal notes could slow down legislative action. Additionally, there may be differing opinions on the thresholds set for when fiscal notes are required and the implications of inaccuracies in these estimates, with some stakeholders advocating for stricter measures and others for more flexibility.
Same As
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Requires a three-year moratorium on unfunded mandates from the legislature; invalidates legislation that does not contain a detailed fiscal note identifying a funding source for certain costs to a political subdivision; restores the mandate relief council.
Requires a three-year moratorium on unfunded mandates from the legislature; invalidates legislation that does not contain a detailed fiscal note identifying a funding source for certain costs to a political subdivision; restores the mandate relief council.
Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.
Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.
Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.