New York S 1876: Relates to capping the state budget at fifteen percent of total state gross domestic product

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S01876 Summary:

BILL NOS01876 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORWALCZYK

&nbsp

COSPNSRRHOADS

&nbsp

MLTSPNSR

&nbsp

Amd Art 7 §2, Constn

&nbsp

Relates to capping the state budget at fifteen percent of total state gross domestic product for the prior calendar year, as determined by the state comptroller.

Go to top S01876 Actions:

BILL NOS01876 

&nbsp

01/14/2025REFERRED TO JUDICIARY

01/14/2025TO ATTORNEY-GENERAL FOR OPINION

01/31/2025OPINION REFERRED TO JUDICIARY

01/07/2026REFERRED TO JUDICIARY

01/08/2026TO ATTORNEY-GENERAL FOR OPINION

02/03/2026OPINION REFERRED TO JUDICIARY

Go to topS01876 Committee&nbspVotes:

Go to topS01876 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01876 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1876

 2025-2026 Regular Sessions

 IN SENATE

 January 14, 2025
 ___________

 Introduced by Sen. WALCZYK -- read twice and ordered printed, and when
 printed to be committed to the Committee on Judiciary

 CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY

 proposing an amendment to section 2 of article 7 of the constitution, in
 relation to capping the state budget at fifteen percent of total state
 gross domestic product

 1 Section 1. Resolved (if the Assembly concurs), That section 2 of arti-
 2 cle 7 of the constitution be amended to read as follows:
 3 § 2. Annually, on or before the first day of February in each year
 4 following the year fixed by the constitution for the election of gover-
 5 nor and lieutenant governor, and on or before the second Tuesday follow-
 6 ing the first day of the annual meeting of the legislature, in all other
 7 years, the governor shall submit to the legislature a budget containing
 8 a complete plan of expenditures proposed to be made before the close of
 9 the ensuing fiscal year and all moneys and revenues estimated to be
 10 available therefor, together with an explanation of the basis of such
 11 estimates and recommendations as to proposed legislation, if any, which
 12 the governor may deem necessary to provide moneys and revenues suffi-
 13 cient to meet such proposed expenditures. It shall also contain such
 14 other recommendations and information as the governor may deem proper
 15 and such additional information as may be required by law. The total of
 16 such proposed expenditures contained in such budget shall not exceed
 17 fifteen percent of the state's gross domestic product for the prior
 18 calendar year, as determined by the state comptroller.
 19 § 2. Resolved (if the Assembly concurs), That the foregoing be
 20 referred to the first regular legislative session convening after the
 21 next succeeding general election of members of the assembly, and, in
 22 conformity with section 1 of article 19 of the constitution, be
 23 published for 3 months previous to the time of such election.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD89064-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps