Authorizes the creation of state debt in the amount of 5 billion dollars in creating the New York state master plan on aging 2026 bond act; provides for submission to the people of such proposal.
Impact
If passed, this legislation would have significant implications for state funding directed towards programs assisting older adults, enabling the allocation of resources through various state and local agencies, not-for-profits, and educational institutions. The bill emphasizes the necessity for a structured financial approach to enhance the existing infrastructure and services dedicated to aging populations, thereby ensuring their well-being and improving their quality of life through targeted financial support.
Summary
Bill S08687, known as the 'New York State Master Plan on Aging 2026 Bond Act', proposes the creation of state debt amounting to five billion dollars. This initiative aims to secure funding for the implementation of the recommendations outlined in the New York State Master Plan for Aging Final Report. The primary objective is to bolster services and support for the aging population across the state, as delineated in the nine pillars of core support areas and the 126 proposals contained within the plan.
Contention
However, the proposal is expected to face scrutiny and debate concerning its financial implications and the scale of state debt it authorizes. Critics may raise concerns about the responsible management of public funds and the long-term consequences of incurring such substantial debt. Furthermore, as part of the process, the proposition will require approval from the state's electorate during the general election set for November 2026, adding another layer to its implementation roadmap.
Same As
Authorizes the creation of state debt in the amount of 5 billion dollars in creating the New York state master plan on aging 2026 bond act; provides for submission to the people of such proposal.
Authorizes the creation of state debt in the amount of 5 billion dollars in creating the New York state master plan on aging 2026 bond act; provides for submission to the people of such proposal.
Authorizes the creation of state debt in the amount of 1 billion dollars in creating the Alzheimer's research bond act of 2025; provides for submission to the people of such proposal.
Authorizes the creation of state debt in the amount of 20 billion dollars in relation to enacting the save public housing bond act of 2025; provides for submission to the people of such proposal.
Requires the state office for the aging to maintain a public facing state master plan on aging dashboard on the public website of the office, which includes real-time information and updates on each proposal in such master plan including legislative and budgetary progress.
Requires the state office for the aging to maintain a public facing state master plan on aging dashboard on the public website of the office, which includes real-time information and updates on each proposal in such master plan including legislative and budgetary progress.
Requires state agencies that issue requests for proposals to provide notification to elected officials for requests for proposals for projects in excess of ten million dollars.
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.
Enacts the "rate hike notice act" which requires utilities in the state of New York to provide notice of a proposed rate hike to a customer via text, email and via such customer's monthly billing statement.