BILL NUMBER: S8687
SPONSOR: CLEARE
 
TITLE OF BILL:
An act authorizing the creation of a state debt in the amount of five
billion dollars, in relation to enacting the New York state master plan
on aging 2026 bond act and providing for the submission to the people of
a proposition or question therefor to be voted upon at the general
election to be held in November, 2026
 
PURPOSE:
To identity stable and reoccurring funding sources to implement many of
the recommendations of the State Master Plan On Aging.
 
SUMMARY OF PROVISIONS:
Authorizes a Bond Issuance and Ballot Question to fund relevant portions
of the State Master Plan On Aging.
 
JUSTIFICATION:
The Final State Master Plan On Aging was released in 2025 and contained
over 100 peer-reviewed proposals, many of which are ready for implemen-
tation, but for necessary funding. This Bond Question & Ballot Proposal
with give the voters the final decision concerning when and if Senior
Housing, Senior Transportation Networks, Senior Centers and other vital
programs will be fully funded.
 
PRIOR LEGISLATIVE HISTORY:
New Bill.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
The bill creates State Debt.
 
EFFECTIVE DATE:
Immediate, with conditions.