Bill Text: NY S00557 | 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) 2018-01-24 - PRINT NUMBER 557A [S00557 Detail]

Download: New_York-2017-S00557-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         557--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Education  --  recommitted
          to the Committee on Education in accordance with Senate Rule 6, sec. 8
          --  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
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06247-02-8
        S. 557--A                           2
     1  a  school  [districts for which a judgment was made resulting from a tax
     2  certiorari proceeding which is larger  than  the  total  budget  of  the
     3  school  district  for school year two thousand seven--two thousand eight
     4  or  for  school  districts] district which [have observed a reduction of
     5  taxable real property of more than seventy-five percent  between  school
     6  year  two  thousand  five--two thousand six and school year two thousand
     7  eight--two thousand nine] has more than eighty-three percent of its real
     8  property classified as tax exempt during school year two thousand  eigh-
     9  teen--two  thousand  nineteen  may  benefit  from  temporary  additional
    10  assistance.
    11    c. To the [Barker central school district, there  shall  be  paid  one
    12  million three hundred thousand dollars ($1,300,000). Such grant shall be
    13  payable  to  the  Barker  central school district in accordance with the
    14  payment schedules contained in section thirty-six hundred nine-a of this
    15  article, notwithstanding any provision of law to the contrary.
    16    d. To the Haverstraw-Stony Point central school district, there  shall
    17  be  paid  two  million  five hundred thousand dollars ($2,500,000). Such
    18  grant shall be payable to  the  Haverstraw-Stony  Point  central  school
    19  district  in  accordance with the payment schedules contained in section
    20  thirty-six hundred nine-a of this article, notwithstanding any provision
    21  of law to the contrary] West Valley central school district, there shall
    22  be paid five hundred thousand dollars ($500,000). Such  grant  shall  be
    23  payable  to  the  West Valley central school district in accordance with
    24  the payment schedules contained in section thirty-six hundred nine-a  of
    25  this article, notwithstanding any provision of law to the contrary.
    26    § 2. This act shall take effect immediately.