Bill Text: NY A08893 | 2013-2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to establishing equalization rates for Greenburgh Central School District.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2014-06-18 - REFERRED TO RULES [A08893 Detail]

Download: New_York-2013-A08893-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8893
                                 I N  A S S E M B L Y
                                   February 27, 2014
                                      ___________
       Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
         tee on Real Property Taxation
       AN  ACT  to amend the real property tax law, in relation to establishing
         equalization rates for Greenburgh central school district 7
         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 1230 of the real property tax law,
    2  as  amended  by section 54 of part A1 of chapter 58 of the laws of 2006,
    3  is amended to read as follows:
    4    3. Special equalization rates shall be established for  the  following
    5  school districts:
    6    Amityville union free school district
    7    Brentwood school district
    8    Central Islip school district
    9    Freeport union free school district
   10    GREENBURGH CENTRAL SCHOOL DISTRICT 7
   11    Hempstead union free school district
   12    Roosevelt union free school district
   13    Tuckahoe union free school district
   14    Uniondale union free school district
   15    Westbury union free school district
   16    Wyandanch school district
   17    S  2.  For  calculation  of  aid apportioned to the Greenburgh central
   18  school district 7 for any project for which  aid  is  first  apportioned
   19  pursuant  to  subdivision  6  of section 3602 of the education law on or
   20  after July 1, 2014, notwithstanding any provision of law to the contrary
   21  including limitations in such subdivision relating  to  the  dates  upon
   22  which such data must be on file with the state education department, the
   23  district  shall  compute  aid  under  the provisions of such subdivision
   24  using the greater of:
   25    a. the building aid ratio computed for use in the current year; or
   26    b. a building aid ratio equal to the difference of the selected build-
   27  ing aid ratio equivalent computed pursuant to this  section,  less  one-
   28  tenth.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13404-01-3
       A. 8893                             2
    1    (1)  The  selected building aid ratio equivalent shall be the positive
    2  difference of:
    3    (a) one, less
    4    (b) the product, computed to three decimal places without rounding, of
    5    (i)  the  quotient, computed to three decimal places without rounding,
    6  of
    7    (A) the quotient, computed to the nearest whole number without  round-
    8  ing, of
    9    (I)  the  actual valuation of the school district, as defined pursuant
   10  to subdivision 1 of section 3602 of the education law, divided by
   11    (II) the equivalent pupils of the school district
   12    (B) divided by the state average actual valuation per  pupil  computed
   13  pursuant  to  subdivision 3 of section 3602 of the education law, multi-
   14  plied by
   15    (ii) fifty-one percent.
   16    Such aid ratio shall not be less than zero.
   17    (2) The  equivalent  pupils  of  the  school  district  shall  be  the
   18  quotient, computed to the nearest whole number without rounding, of
   19    (a)  an  equivalent actual valuation equal to the amount that would be
   20  computed obtained by taking the assessed valuation of taxable real prop-
   21  erty within such district as it appears upon the assessment roll of  the
   22  town  in which such property is located, for the calendar year two years
   23  prior to the calendar year in  which  the  base  year  commenced,  after
   24  revision  as  provided by law, and dividing it by the state equalization
   25  rate as determined by the state office of real  property  services,  for
   26  the  assessment roll of such town completed during such preceding calen-
   27  dar year, divided by
   28    (b) the product, computed to the nearest whole number  without  round-
   29  ing, of
   30    (i)  the state average actual valuation per pupil computed pursuant to
   31  subdivision 3 of section 3602 of the education law, multiplied by
   32    (ii) the quotient, computed to three decimals without rounding, of
   33    (A) the positive difference of
   34    (I) one less
   35    (II) the building aid ratio that was used or that would have been used
   36  to compute an apportionment pursuant to subdivision 6 of section 3602 of
   37  the education law in the 1999--2000 school year, divided by
   38    (B) fifty-one one-hundredths.
   39    The office of real property services shall determine  such  equivalent
   40  actual  valuation  and  shall report it to the state comptroller and the
   41  commissioner of education. Such computations shall be deemed  final  and
   42  not subject to change on or after July 1, 2015.
   43    S 3. This act shall take effect immediately.