Bill Text: NY A05005 | 2017-2018 | General Assembly | Amended

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Bill Title: Provides a $500,000 supplemental valuation impact grant to the West Valley central school district for the 2018 - 2019 school year.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-05-08 - held for consideration in real property taxation [A05005 Detail]

Download: New_York-2017-A05005-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         5005--A
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 6, 2017
                                       ___________
        Introduced by M. of A. GIGLIO -- read once and referred to the Committee
          on  Real  Property  Taxation  --  recommitted to the Committee on Real
          Property Taxation in accordance  with  Assembly  Rule  3,  sec.  2  --
          committee  discharged,  bill amended, ordered reprinted as amended and
          recommitted to said committee
        AN ACT to amend the education law, in relation to  providing  a  supple-
          mental  valuation  impact  grant  to  the  West  Valley central school
          district
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.    Subdivision  3 of section 3641 of the education law, as
     2  added by section 29-a of part B of chapter 57 of the laws of 2008, para-
     3  graph a as amended by section 31 of part A of chapter 57 of the laws  of
     4  2009, is amended to read as follows:
     5    3. Supplemental valuation impact grants.  a. In addition to apportion-
     6  ments otherwise provided by section thirty-six hundred two of this arti-
     7  cle,  for aid payable in the two thousand [eight] eighteen--two thousand
     8  [nine and two thousand nine--two thousand ten] nineteen  school  [years]
     9  year, the [amounts] amount specified in [paragraphs] paragraph c [and d]
    10  of  this  subdivision  shall  be paid for the purpose of providing addi-
    11  tional funding for a school [districts] district which [have experienced
    12  a significant financial hardship caused by an  extraordinary  change  in
    13  the taxable property valuation or extraordinary judgments resulting from
    14  tax  certiorari  proceedings]  has more than eighty-three percent of its
    15  real property classified as tax exempt.
    16    b. The purpose of this subdivision is to provide financial  assistance
    17  to  a  school [districts] district which [have experienced a significant
    18  reduction in the taxable full value of the school district  or  extraor-
    19  dinary  tax  certiorari judgments] has more than eighty-three percent of
    20  its real property classified as tax exempt.  The legislature finds  that
    21  a  school  [districts for which a judgment was made resulting from a tax

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06247-03-8
        A. 5005--A                          2

     1  certiorari proceeding which is larger  than  the  total  budget  of  the
     2  school  district  for school year two thousand seven--two thousand eight
     3  or for school districts] district which [have observed  a  reduction  of
     4  taxable  real  property of more than seventy-five percent between school
     5  year two thousand five--two thousand six and school  year  two  thousand
     6  eight--two thousand nine] has more than eighty-three percent of its real
     7  property  classified as tax exempt during school year two thousand eigh-
     8  teen--two  thousand  nineteen  may  benefit  from  temporary  additional
     9  assistance.
    10    c.  To  the  [Barker  central school district, there shall be paid one
    11  million three hundred thousand dollars ($1,300,000). Such grant shall be
    12  payable to the Barker central school district  in  accordance  with  the
    13  payment schedules contained in section thirty-six hundred nine-a of this
    14  article, notwithstanding any provision of law to the contrary.
    15    d.  To the Haverstraw-Stony Point central school district, there shall
    16  be paid two million five hundred  thousand  dollars  ($2,500,000).  Such
    17  grant  shall  be  payable  to  the Haverstraw-Stony Point central school
    18  district in accordance with the payment schedules contained  in  section
    19  thirty-six hundred nine-a of this article, notwithstanding any provision
    20  of law to the contrary] West Valley central school district, there shall
    21  be  paid  five  hundred thousand dollars ($500,000). Such grant shall be
    22  payable to the West Valley central school district  in  accordance  with
    23  the  payment schedules contained in section thirty-six hundred nine-a of
    24  this article, notwithstanding any provision of law to the contrary.
    25    § 2. This act shall take effect immediately.