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Home/Bills/S 1969New York · 2025–2026 Legislative Session
Senate BillIntroduced

S 1969: Requires industrial development agencies to only include jobs filled by residents of New York state when assessing the progress of projects that are provided financial assistance.

New York · Senate · 2025–2026 Legislative Session · last verified January 8, 2026

What S 1969 does, verified January 8, 2026

The bill aims to amend the General Municipal Law to require Industrial Development Agencies (IDAs) to accurately assess the progress of projects they provide financial assistance for. Specifically, IDAs must: - Include only jobs filled by residents of New York State when assessing project progress - Provide an estimate of the number of residents in the economic development region or labor market area that would fill the jobs - Ensure that jobs filled by non-residents of New York State are not included in the assessment - Require annual certification of the number of full-time equivalent jobs retained and created for New York State residents, by category, including independent contractors - Ensure that the salary and fringe benefit averages or ranges provided in the application are still accurate, and provide a revised list if necessary

Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO LOCAL GOVERNMENT (2026-01-07)Alert me
Recent actions2 total · showing 2
Jan. 07, 2026REFERRED TO LOCAL GOVERNMENT
Jan. 14, 2025REFERRED TO LOCAL GOVERNMENT
Latest bill textIntroduced version, January 14, 2025 · 562 words
  
  STATE OF NEW YORK ________________________________________________________________________ 1969 2025-2026 Regular Sessions  IN SENATE January 14, 2025 ___________ Introduced by Sen. MURRAY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law, in relation to requiring industrial development agencies to only include jobs filled by resi- dents of New York state when assessing the progress of projects provided financial assistance The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (f) of subdivision 4 of section 859-a of the 2 general municipal law, as added by chapter 563 of the laws of 2015, is 3 amended to read as follows: 4 (f) the projected number of full time equivalent jobs that would be 5 retained and that would be created if the request for financial assist- 6 ance is granted, the projected timeframe for the creation of new jobs, 7 the estimated salary and fringe benefit averages or ranges for catego- 8 ries of the jobs that would be retained or created if the request for 9 financial assistance is granted, [and] an estimate of the number of 10 residents of the economic development region as established pursuant to 11 section two hundred thirty of the economic development law or the labor 12 market area as defined by the agency, in which the project is located 13 that would fill such jobs, and a statement acknowledging that jobs 14 filled by non-residents of New York state shall not be included when 15 assessing the progress toward achieving the objectives of the project. 16 The labor market area defined by the agency for this purpose may include 17 no more than six contiguous counties in the state, including the county 18 in which the project is to be located; 19 § 2. Paragraph (b) of subdivision 6 of section 859-a of the general 20 municipal law, as added by chapter 563 of the laws of 2015, is amended 21 to read as follows: 22 (b) require each project owner, occupant or operator receiving finan- 23 cial benefits to provide annually a certified statement and documenta- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01500-01-5 

 S. 1969 2 1 tion: (i) enumerating the full time equivalent jobs retained and the 2 full time equivalent jobs created, for New York state residents, as a 3 result of the financial assistance, by category, including full time 4 equivalent independent contractors or employees of independent contrac- 5 tors that work at the project location, and (ii) indicating that the 6 salary and fringe benefit averages or ranges for categories of jobs 7 retained and jobs created that was provided in the application is still 8 accurate and if it is not still accurate, providing a revised list of 9 salary and fringe benefit averages or ranges for categories of jobs 10 retained and jobs created. For the purposes of this paragraph, posi- 11 tions filled by non-residents of New York state shall not be included in 12 the number of jobs retained or created. 13 § 3. This act shall take effect on the one hundred twentieth day after 14 it shall have become a law. 

Text of S 1969 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions
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