Higher education institutions provide tremendous value to New York’s local economies and the State’s overall economic health through employment, wages, student spending, and more. The sector employed over 296,000 people in 2023, paying wages of around $26.5 billion, but still has over 13,000 fewer jobs than in 2019. Maintaining a vibrant higher education system is critical to New York’s future.
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Exclusion of Indebtedness for Sewage Facilities – Signed as Chapter 641 of Laws of 2023, A.5056/S.6940 (Conrad/Martinez) – Relates to extending the exclusion of indebtedness contracted for sewage facilities.
Constitutional Amendment – Passed both houses, A.3776/S.4597 (Conrad/Martinez) – Relates to excluding certain indebtedness for the construction of sewage facilities in determining current local debt limitation.
NYS 529 Program, Qualified Withdrawals – Signed as Chapter 310 of the Laws of 2024, A.10209/S.9701 (McDonald/Stavisky) – Provides that the payment of principal and interest on a qualified education loan and Roth IRA rollovers shall be qualified withdrawals under the New York state college choice tuition savings program.
NYSLRS Ordinary Death Benefit – A.10570/S.9812-A (Zebrowski/Skoufis) – Authorizes beneficiaries to choose pension benefits or a death benefit in certain circumstances.
Public Posting of Certain Contracts – A.10281/S.9171 (Solages/Cooney) – Requires a public listing of certain emergency and exempted contracts, which are otherwise subject to the approval of the State Comptroller.
Expedited Payments of Unclaimed Funds – A.10219/S.9410 (McDonald/Sepulveda) – Relates to expedited payments of abandoned property under a certain monetary threshold.
Prohibits Campaign Contributions During an Active Procurement – S.9697 (Myrie) – Makes it unlawful for a vendor to make, either directly or indirectly, any contribution to a statewide elected official, a candidate for a statewide elected office, or their authorized political committee, during a certain restricted period; requires a candidate, officeholder, or political committee that receives such contributions to return or refund the contributions forthwith; requires procurement contr
