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Speaker Carl E. Heastie
 
     
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A02966 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A2966
 
SPONSOR: Jensen

 
TITLE OF BILL:
 
An act to amend the state finance law, in relation to awarding grants to
municipalities for capital improvement projects; and making an appropri-
ation therefor
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
The purpose of this bill is to create a grant matching program for muni-
cipalities.
 
 
SUMMARY OF PROVISIONS:
 
Section 1. Amends subdivision 10 of section 54 of the state finance law
in relation to the local government capital improvement grant program
and outlines the conditions of the program.

Section 2. Appropriates funds to the department of state from the state
treasury for purposes of local capital improvements and makes the funds
available by vouchers through the commissioner of education.
 
Section 3. Establishes the effective date.
 
 
JUSTIFICATION:
 
For municipalities across New York State, there is aging municipal owned
infrastructure in dire need of improvement, however, because of their
community's size and tax base, governments find it difficult to afford
these improvements. By establishing a "Local Government Capital Improve-
ment Grant Program," New York State can help our smaller communities
afford these improvements by providing matching grants to offset local
taxpayer investment in infrastructure improvements that do not have any
direct effect on day to day life in the community other than a substan-
tial annual budget line-item. These budgetary  line-items often make up
a sizable portion of the municipal budget and by providing a matching
grant, New York State can help local governments prioritize their spend-
ing to make infrastructure improvements to offset future recurring costs
while providing needed services to their residents.
 
 
PRIOR LEGISLATIVE HISTORY:
 
A5365 of 2021/22
 
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
 
Unknown.
 
 
EFFECTIVE DATE:
This act shall take effect immediately.
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