Bill Text: NY A04718 | 2021-2022 | General Assembly | Introduced
Bill Title: Establishes the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Introduced - Dead) 2022-06-01 - held for consideration in ways and means [A04718 Detail]
Download: New_York-2021-A04718-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4718 2021-2022 Regular Sessions IN ASSEMBLY February 5, 2021 ___________ Introduced by M. of A. SMITH -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to establishing the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The state finance law is amended by adding five new 2 sections 99-ii, 99-jj, 99-kk, 99-ll and 99-mm to read as follows: 3 § 99-ii. City of New York education fund. 1. There is hereby estab- 4 lished in the joint custody of the mayor of the city of New York and the 5 commissioner of taxation and finance a special fund to be known as the 6 "city of New York education fund". 7 2. The city of New York education fund shall consist of moneys 8 collected from the additional imposition of one percent of real property 9 taxes on all classes within a city with a population of one million or 10 more. 11 3. Funding within the city of New York education fund shall be used in 12 conjunction with money provided through the city's budget to support 13 education programs. 14 4. Moneys in the fund shall be kept separately from and shall not be 15 commingled with any other moneys in the custody of the city. 16 § 99-jj. City of Yonkers education fund. 1. There is hereby estab- 17 lished in the joint custody of the mayor of the city of Yonkers and the 18 commissioner of taxation and finance a special fund to be known as the 19 "city of Yonkers education fund". 20 2. The fund shall consist of moneys collected from the additional 21 imposition of one percent of real property taxes on all classes within 22 the city of Yonkers. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06873-01-1A. 4718 2 1 3. Funding within the city of Yonkers education fund shall be used in 2 conjunction with money provided through the city's budget to support 3 education programs. 4 4. Moneys in the fund shall be kept separately from and shall not be 5 commingled with any other moneys in the custody of the city. 6 § 99-kk. City of Rochester education fund. 1. There is hereby estab- 7 lished in the joint custody of the mayor of the city of Rochester and 8 the commissioner of taxation and finance a special fund to be known as 9 the "city of Rochester education fund". 10 2. The fund shall consist of moneys collected from the additional 11 imposition of one percent of real property taxes on all classes within 12 the city of Rochester. 13 3. Funding within the city of Rochester education fund shall be used 14 in conjunction with money provided through the city's budget to support 15 education programs. 16 4. Moneys in the fund shall be kept separately from and shall not be 17 commingled with any other moneys in the custody of the city. 18 § 99-ll. City of Buffalo education fund. 1. There is hereby estab- 19 lished in the joint custody of the mayor of the city of Buffalo and the 20 commissioner of taxation and finance a special fund to be known as the 21 "city of Buffalo education fund". 22 2. The fund shall consist of moneys collected from the additional 23 imposition of one percent of real property taxes on all classes within 24 the city of Buffalo. 25 3. Funding within the city of Buffalo education fund shall be used in 26 conjunction with money provided through the city's budget to support 27 education programs. 28 4. Moneys in the fund shall be kept separately from and shall not be 29 commingled with any other moneys in the custody of the city. 30 § 99-mm. City of Syracuse education fund. 1. There is hereby estab- 31 lished in the joint custody of the mayor of the city of Syracuse and the 32 commissioner of taxation and finance a special fund to be known as the 33 "city of Syracuse education fund". 34 2. The fund shall consist of moneys collected from the additional 35 imposition of one percent of real property taxes on all classes within 36 the city of Syracuse. 37 3. Funding within the city of Syracuse education fund shall be used in 38 conjunction with money provided through the city's budget to support 39 education programs. 40 4. Moneys in the fund shall be kept separately from and shall not be 41 commingled with any other moneys in the custody of the city. 42 § 2. This act shall take effect immediately.