A 3940 New York Assembly · 2025 Regular Session

Requires enacted budget financial plan estimates to be provided to the legislature prior to a vote on certain budget bills

This bill (A 3940) requires the governor to provide the legislature with a detailed financial summary one day before voting on specific budget bills, including those for aid to localities, state operations, and capital projects. The summary must compare new fiscal year estimates for funds, tax receipts, and three-year budget surplus/gap projections against previous actuals and the executive budget plan. It also mandates quarterly updates during the fiscal year, detailing actual spending versus projections and explaining major deviations. These requirements aim to ensure the legislature has current, comprehensive financial data before making key budget decisions.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025 Last action Jan 7, 2026
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2
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Committee
2
Jan 7, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jan 30, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

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Legislator
Party
State
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P
Photo of Ed Ra
Ed Ra
RRepublican
NY
19