S T A T E O F N E W Y O R K ________________________________________________________________________ 8893--A 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 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to establishing equalization rates for Greenburgh 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 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 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 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13404-02-4 A. 8893--A 2 1 b. a building aid ratio equal to the difference of the selected build- 2 ing aid ratio equivalent computed pursuant to this section, less one- 3 tenth. 4 (1) The selected building aid ratio equivalent shall be the positive 5 difference of: 6 (a) one, less 7 (b) the product, computed to three decimal places without rounding, of 8 (i) the quotient, computed to three decimal places without rounding, 9 of 10 (A) the quotient, computed to the nearest whole number without round- 11 ing, of 12 (I) the actual valuation of the school district, as defined pursuant 13 to subdivision 1 of section 3602 of the education law, divided by 14 (II) the equivalent pupils of the school district 15 (B) divided by the state average actual valuation per pupil computed 16 pursuant to subdivision 3 of section 3602 of the education law, multi- 17 plied by 18 (ii) fifty-one percent. 19 Such aid ratio shall not be less than zero. 20 (2) The equivalent pupils of the school district shall be the 21 quotient, computed to the nearest whole number without rounding, of 22 (a) an equivalent actual valuation equal to the amount that would be 23 computed obtained by taking the assessed valuation of taxable real prop- 24 erty within such district as it appears upon the assessment roll of the 25 town in which such property is located, for the calendar year two years 26 prior to the calendar year in which the base year commenced, after 27 revision as provided by law, and dividing it by the state equalization 28 rate as determined by the state office of real property services, for 29 the assessment roll of such town completed during such preceding calen- 30 dar year, divided by 31 (b) the product, computed to the nearest whole number without round- 32 ing, of 33 (i) the state average actual valuation per pupil computed pursuant to 34 subdivision 3 of section 3602 of the education law, multiplied by 35 (ii) the quotient, computed to three decimals without rounding, of 36 (A) the positive difference of 37 (I) one less 38 (II) the building aid ratio that was used or that would have been used 39 to compute an apportionment pursuant to subdivision 6 of section 3602 of 40 the education law in the 1999--2000 school year, divided by 41 (B) fifty-one one-hundredths. 42 The office of real property services shall determine such equivalent 43 actual valuation and shall report it to the state comptroller and the 44 commissioner of education. Such computations shall be deemed final and 45 not subject to change on or after July 1, 2015. 46 S 3. This act shall take effect immediately.