New York 2025-2026 Regular Session

New York Assembly Bill A11166

Introduced
4/29/26  
Refer
4/29/26  
Report Pass
4/29/26  
Refer
4/29/26  

Caption

Authorizes the South Country central school district, in the county of Suffolk, to issue serial bonds for the purpose of liquidating deficits in its general fund; requires that the district prepare quarterly budget reports, quarterly trial balances; provides for advance aid to such school district (Part A); extends provisions of law relating to directing the state inspector general to appoint an independent monitor for the Orange county industrial development agency for one year (Part B).

Impact

The implications of Bill A11166 are significant for both the South Country Central School District and potentially other districts facing similar financial issues. By allowing deficit financing through bond issuance, the bill aims to improve the district's financial stability, thereby reducing the immediate pressure on its budget. Additionally, the provision for accelerated state aid could help maintain educational programs by ensuring liquidity and timely funding. This may set a precedent for other districts struggling with similar challenges.

Summary

Bill A11166 authorizes the South Country Central School District in Suffolk County to issue serial bonds up to a total of eleven million dollars. This funding is intended to help the district address a fiscal deficit in its general fund for the fiscal year ending June 30, 2026. Furthermore, the bill provides a framework for the district to submit applications for school aid on an accelerated payment schedule. The annual tax to cover the interest and principal on these bonds is also addressed, allowing the district to manage its financial obligations effectively.

Contention

Discussions around the bill may include concerns regarding the long-term implications of deficit financing. Critics could argue that relying on bonds to address budget shortfalls does not address the underlying issues of funding adequacy and financial management within the school district. Furthermore, the bill also extends certain provisions of the law related to the appointment of an independent monitor for the Orange County Industrial Development Agency, which may provoke discussions about accountability and oversight in public financing.

Companion Bills

NY S10102

Replaced by Authorizes the South Country central school district, in the county of Suffolk, to issue serial bonds for the purpose of liquidating deficits in its general fund; requires that the district prepare quarterly budget reports, quarterly trial balances; provides for advance aid to such school district (Part A); extends provisions of law relating to directing the state inspector general to appoint an independent monitor for the Orange county industrial development agency for one year (Part B).

Previously Filed As

NY S10102

Authorizes the South Country central school district, in the county of Suffolk, to issue serial bonds for the purpose of liquidating deficits in its general fund; requires that the district prepare quarterly budget reports, quarterly trial balances; provides for advance aid to such school district (Part A); extends provisions of law relating to directing the state inspector general to appoint an independent monitor for the Orange county industrial development agency for one year (Part B).

NY A07902

Authorizes the city of Little Falls, in the county of Herkimer, to issue serial bonds in an aggregate principal amount not to exceed three million four hundred thousand dollars for the purpose of liquidating deficits in its general, golf, and water funds; requires that the city of Little Falls prepare quarterly budget reports, quarterly trial balances and a three-year financial plan.

NY S07028

Authorizes the city of Little Falls, in the county of Herkimer, to issue serial bonds in an aggregate principal amount not to exceed three million four hundred thousand dollars for the purpose of liquidating deficits in its general, golf, and water funds; requires that the city of Little Falls prepare quarterly budget reports, quarterly trial balances and a three-year financial plan.

NY A10157

Extends the term and authority of the independent monitor for the Orange county industrial development agency; requires such monitor also monitor the Orange county funding corporation; modifies the applicability of certain tax exemptions based on population; extends provisions of law related to the independent monitor for the Orange county industrial development agency.

NY S09052

Extends the term and authority of the independent monitor for the Orange county industrial development agency; requires such monitor also monitor the Orange county funding corporation; modifies the applicability of certain tax exemptions based on population; extends provisions of law related to the independent monitor for the Orange county industrial development agency.

NY A03949

Authorizes the Jamesville-DeWitt central school district to discontinue the use of school district-owned parklands and to lease such parklands to the town of Onondaga for use by such town for park and/or recreational purposes.

NY S05557

Authorizes the Jamesville-DeWitt central school district to discontinue the use of school district-owned parklands and to lease such parklands to the town of Onondaga for use by such town for park and/or recreational purposes.

NY A10231

Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.

NY A08024

Provides for the appointment of a monitor team to oversee the Wyandanch union free school district on the academic, fiscal and operational status of such school district.

NY A08368

Authorizes the commissioner of general services to transfer and convey certain state land to the Syosset Central School District for the purpose of building new and expanding current facilities at Berry Hill Elementary School; provides for the repeal of such provisions upon expiration thereof.

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