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---
type: "Bill"
title: "Enacts the \"city of Little Falls deficit financing act\" authorizing the city of Little Falls, in the county of Herkimer, to finance certain deficits by the issuance of bonds"
description: "Authorizes the city of Little Falls, in the county of Herkimer, to issue serial bonds in an aggregate principal amount not to exceed three million four hundred thousand dollars for the purpose of liquidating deficits in its general, golf, and water funds; requires that the city of Little Falls prepare quarterly budget reports, quarterly trial balances and a three-year financial plan."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2025-2026"
identifier: "S 7028"
citation: "New York S 7028 (2025-2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Mark Walczyk"]
version_count: 4
action_count: 21
vote_count: 4
first_action: "2025-03-28"
last_action: "2025-06-26"
source: "openstates"
source_identifier: "ocd-bill/c4547dc2-509c-4c59-b86f-06ce789cc81e"
source_url: "http://www.nysenate.gov/legislation/bills/2025/S7028"
source_hash: "5a81fbbc2ada6525ae5a377b1ddd553ed5cf3f19c33a44ded1d0d12a06aefa74"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---
# New York S 7028 (2025-2026) — Enacts the "city of Little Falls deficit financing act" authorizing the city of Little Falls, in the county of Herkimer, to finance certain deficits by the issuance of bonds
Authorizes the city of Little Falls, in the county of Herkimer, to issue serial bonds in an aggregate principal amount not to exceed three million four hundred thousand dollars for the purpose of liquidating deficits in its general, golf, and water funds; requires that the city of Little Falls prepare quarterly budget reports, quarterly trial balances and a three-year financial plan.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **S7028** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S7028&term=2025&Text=Y)
2. **S7028A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2025/S7028A)
3. **S7028B** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2025/S7028B)
4. **S7028C** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2025/S7028C)
## Votes
- Floor Vote - Version: C — **56–3** (pass) · upper
- Local Government Vote — **7–0** (pass) · upper
- Rules Vote - Version: C — **20–0** (pass) · upper
- Assembly Vote — **144–0** (pass) · lower
## Sponsors
- Mark Walczyk — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-03-28** REFERRED TO LOCAL GOVERNMENT `referral-committee`
- **2025-05-20** REPORTED AND COMMITTED TO FINANCE `referral-committee`
- **2025-05-21** AMEND AND RECOMMIT TO FINANCE `amendment-passage, referral-committee`
- **2025-05-21** PRINT NUMBER 7028A `amendment-passage`
- **2025-06-05** AMEND AND RECOMMIT TO FINANCE `amendment-passage, referral-committee`
- **2025-06-05** PRINT NUMBER 7028B `amendment-passage`
- **2025-06-06** AMEND AND RECOMMIT TO FINANCE `amendment-passage, referral-committee`
- **2025-06-06** PRINT NUMBER 7028C `amendment-passage`
- **2025-06-12** COMMITTEE DISCHARGED AND COMMITTED TO RULES `referral-committee`
- **2025-06-12** ORDERED TO THIRD READING CAL.1995
- **2025-06-13** HOME RULE REQUEST
- **2025-06-13** PASSED SENATE `passage`
- **2025-06-13** DELIVERED TO ASSEMBLY
- **2025-06-13** REFERRED TO CITIES `referral-committee`
- **2025-06-16** SUBSTITUTED FOR A7902C
- **2025-06-16** ORDERED TO THIRD READING RULES CAL.815
- **2025-06-16** HOME RULE REQUEST
- **2025-06-16** PASSED ASSEMBLY `passage`
- **2025-06-16** RETURNED TO SENATE
- **2025-06-26** DELIVERED TO GOVERNOR `executive-receipt`
- **2025-06-26** SIGNED CHAP.176 `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c4547dc2-509c-4c59-b86f-06ce789cc81e`. Confidence: reported (aggregated from official New York legislature records).