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Senate bill · S10261 (2025-26)

Permits the Vestal Central School District to create an insurance reserve fund

PassedLatest action Jun 3, 2026

New York State Senate

Same as A11296, the matching bill in the Assembly.

Passed as A11296, the matching Assembly bill.

Sponsor

Lea Webb

State Senator, District 52 · Democratic/Working Families

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Summary

Permits the Vestal Central School District to create an insurance reserve fund.

Summary from NY Open Legislation. How we handle summaries

Amends the General Municipal Law.

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 23, 2026. About our data

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Purpose, from the sponsor's memo

The purpose of this legislation is to allow the Vestal Central School District to establish an insurance reserve fund for the purpose of making payments related to health-related claims.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Where it stands

Passed the legislature and is awaiting a signature.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Education · New York State Assembly

Also referred to Education · New York State Senate, Local Government · New York State Senate.

The sponsor's argument

Why Lea Webb says this is needed

In an effort to control the rising costs associated with insurance premiums, many school districts are transitioning to a self-insured health insurance model to provide coverage for their faculty and staff. The Vestal Central School District has elected to provide coverage through such a plan effective January 1, 2026. Although the overall cost associated with a self-insured plan is lower than a traditional health plan, there are greater cost fluctuations resulting from the unpredictability of resulting health claims. With school districts being prohibited from retaining more than four percent of their budget in an unappropriated fund balance or reserve fund, this significantly limits the Vestal Central School District's ability to prepare for the variable expenses of the self-insured plan. This bill would allow the school district to create an insurance reserve and avoid fiscal hardship due to the variability of these types of claims and lower their overall budgetary expenses.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Recorded votes

  • Vote: Floor vote

    NY SenateJun 3, 2026Result: passedSenate vote on A11296, the matching Assembly bill.

    (61) (0) (0) (2)

Full history

  1. Jun 3, 2026

    In committee

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

    NY Senate

  2. Jun 3, 2026

    Ordered to Third Reading CAL.1677

    ORDERED TO THIRD READING CAL.1677

    NY Senate

  3. Jun 3, 2026

    Passed a chamber

    PASSED SENATE

    NY Senate

  4. Jun 3, 2026

    Substituted

    SUBSTITUTED BY A11296

    NY Senate

  5. May 29, 2026

    Sent to the executive

    DELIVERED TO SENATE

    NY Assembly

Show full history (7 earlier events)
  1. May 29, 2026

    Passed a chamber

    PASSED ASSEMBLY

    NY Assembly

  2. May 29, 2026

    Referred to committee

    REFERRED TO LOCAL GOVERNMENT

    NY Senate

  3. May 28, 2026

    Reported out of committee

    REPORTED REFERRED TO RULES

    NY Assembly

  4. May 28, 2026

    Rules Report CAL.249

    RULES REPORT CAL.249

    NY Assembly

  5. May 18, 2026

    Reported out of committee

    REPORTED REFERRED TO WAYS AND MEANS

    NY Assembly

  6. May 11, 2026

    Referred to committee

    REFERRED TO EDUCATION

    NY Assembly

  7. May 8, 2026

    Referred to committee

    REFERRED TO LOCAL GOVERNMENT

    NY Senate