S 9550 New York Senate · 2025 Regular Session

Relates to contributions paid into the insurance reserve fund by the Medford fire district

Summary

Authorizes the Medford fire district, located in Suffolk county, to deposit into the insurance reserve fund an amount of $400,000 in each of the years 2026, 2027 and 2028.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 25, 2026 Last action May 6, 2026

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What changed between versions

S9550 → S9550A · 3 edits

MINOR

This bill amends the legal authority for the Medford fire district in Suffolk County to deposit up to $400,000 annually into its insurance reserve fund for the years 2026 through 2028. The change shifts the district's contribution limit from a standard calculation based on its total budget to a fixed, higher dollar amount, providing greater financial flexibility for the district's insurance needs.

Scope change

The bill's scope remains limited to the Medford fire district in Suffolk County, but the specific financial rules governing its contributions to the insurance reserve fund have been expanded.

FISCAL

The maximum annual contribution to the insurance reserve fund was changed from a variable amount (the greater of $33,000 or 5% of the total budget) to a fixed cap of $400,000.

TIMELINE

The fixed contribution amount applies specifically to the fiscal years 2026, 2027, and 2028.

REQUIREMENT

A new provision was added requiring that all funds deposited under this act must be used and administered in accordance with existing state law.

Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 6, 2026

Upper · Passed

PRINT NUMBER 9550A

upper

May 6, 2026

Upper · Passed

AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT

upper

Mar 25, 2026

Committee

REFERRED TO LOCAL GOVERNMENT

upper

1 primary · 0 co-sponsors