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S 10167 - Appropriates Certain Public Transit Funds for Fiscal Year 2027 - New York Key Vote

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Title: Appropriates Certain Public Transit Funds for Fiscal Year 2027

Signed by Governor Kathy Hochul


Title: Appropriates Certain Public Transit Funds for Fiscal Year 2027

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Title: Appropriates Certain Public Transit Funds for Fiscal Year 2027

Vote Smart's Synopsis:

Vote to pass a bill that requires the state comptroller to transfer certain funds for public transit in New York in fiscal year 2027.

Highlights:

  • Requires the state comptroller to loan money based on state finance law to the following funds/accounts (Sec. 1):

    • Transit authorities account;

    • Railroad account

    • Non-MTA capital account; and

    • Public transportation systems account.

  • Requires the comptroller to transfer, upon request of the director of the budget, up to the unencumbered balance or $48,850,000 from the general fund to the MTA financial assistance fund, mobility tax trust account by March 31, 2027 (Sec. 2).

  • Specifies that this Act takes effect immediately upon passage, and shall cease effect upon enactment of the fiscal year 2027 state budget (Sec. 3).

Full Bill Text

Title: Appropriates Certain Public Transit Funds for Fiscal Year 2027

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