Bill Text: NY A07826 | 2019-2020 | General Assembly | Introduced


Bill Title: Excludes water district capital expenditures from the tax cap.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2019-05-23 - referred to local governments [A07826 Detail]

Download: New_York-2019-A07826-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          7826

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      May 23, 2019
                                       ___________

        Introduced  by  M.  of A. LAVINE, STERN, FAHY, ABINANTI -- read once and
          referred to the Committee on Local Governments

        AN ACT to amend the general municipal  law,  in  relation  to  excluding
          water district capital expenditures from the tax cap

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraph (iv) of paragraph  (g)  of  subdivision  2  of
     2  section  3-c of the general municipal law, as added by section 1 of part
     3  A of chapter 97 of the laws of 2011, is amended and a  new  subparagraph
     4  (v) is added to read as follows:
     5    (iv)  in  years  in which the normal contribution rate of the New York
     6  state teachers' retirement system, as defined by paragraph a of subdivi-
     7  sion two of  section  five  hundred  seventeen  of  the  education  law,
     8  increases  by  more than two percentage points from the previous year, a
     9  tax levy necessary for expenditures for the coming fiscal year for local
    10  government employer  contributions  to  the  New  York  state  teachers'
    11  retirement system caused by growth in the normal contribution rate minus
    12  two percentage points[.];
    13    (v) a tax levy necessary to fund water district capital expenditures.
    14    §  2. This act shall take effect immediately; provided that the amend-
    15  ments to section 3-c of the general municipal law made by section one of
    16  this act shall not affect the repeal of such section and shall be deemed
    17  repealed therewith.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10071-02-9
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