STATE OF NEW YORK
________________________________________________________________________
5794
2025-2026 Regular Sessions
IN SENATE
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:
1 Section 1. The opening paragraph of paragraph j of subdivision 10 of
2 section 54 of the state finance law, as amended by section 4 of part I
3 of chapter 57 of the law of 2011, is amended to read as follows:
4 In the state fiscal year commencing April first, two thousand seven a
5 city with a population of one million or more shall receive twenty
6 million dollars on or before December fifteenth. In the state fiscal
7 year commencing April first, two thousand eight, a city with a popu-
8 lation of one million or more shall receive two hundred forty-five
9 million nine hundred forty-four thousand eight hundred thirty-four
10 dollars payable on or before December fifteenth. In the state fiscal
11 [year] years commencing April first, two thousand nine, and April first,
12 two thousand twenty-five and in each state fiscal year thereafter, a
13 city with a population of one million or more shall receive three
14 hundred one million six hundred fifty-eight thousand four hundred nine-
15 ty-five dollars payable on or before December fifteenth. Special aid and
16 incentives for municipalities to the city of New York shall be appor-
17 tioned and paid as required as follows:
18 § 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
