Relates to bonds and notes of the city of Yonkers

Latest action Jun 18, 2025

Extends certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2026.

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Where it stands

Signed into law.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A5298, the matching bill in the Assembly.

Passed as A5298, the matching Assembly bill.

Amends the Local Finance Law.

Committee

Cities · New York State Assembly

Also referred to Cities 2 · New York State Senate.

Purpose, from the sponsor's memo

The purpose of this law is to extend the authorization for the city of Yonkers to issue serial bonds and notes until June 30, 2026.

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

Recorded votes

Vote: Floor vote
NY SenateMay 28, 2025Result: passedSenate vote on A5298, the matching Assembly bill.
(60) (1) (0) (2)
Vote: Committee vote · Cities 2
Senate Cities 2May 12, 2025Result: passed
(7) (0) (0) (0)

The sponsor's argument

Why Andrea Stewart-Cousins says this is needed

This bill extends the marketing limitation on serial bonds/notes of Yonkers from June 30, 2025 to June 30, 2026. The authorization for Yonk- ers to negotiate the private sales of its bonds or notes is vital to improving the city's financial stability and independence. The city's bonding authority will expire on June 30, 2025 unless it is extended. The continuation of this power will allow more cost-effective financing for the city of Yonkers.

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.

Full history

Jun 18, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Assembly
Jun 18, 2025
Signed
SIGNED CHAP.136
NY Assembly
May 28, 2025
3RD Reading CAL.997
3RD READING CAL.997
NY Senate
May 28, 2025
Passed a chamber
PASSED SENATE
NY Senate
May 28, 2025
Substituted
SUBSTITUTED BY A5298
NY Senate

Show full history (12 earlier events)

May 21, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
May 21, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
May 21, 2025
Referred to committee
REFERRED TO CITIES 2
NY Senate
May 21, 2025
Reported out of committee
REPORTED
NY Assembly
May 21, 2025
Rules Report CAL.217
RULES REPORT CAL.217
NY Assembly
May 20, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
May 14, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
May 13, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
May 12, 2025
1ST Report CAL.997
1ST REPORT CAL.997
NY Senate
May 6, 2025
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
Feb 12, 2025
Referred to committee
REFERRED TO CITIES
NY Assembly
Jan 8, 2025
Referred to committee
REFERRED TO CITIES 2
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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