Bill Text: NY S00557 | 2017-2018 | General Assembly | Introduced

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

---

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-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                           557
                               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
        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] seventeen--two thousand
     8  [nine  and  two thousand nine--two thousand ten] eighteen 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
    22  certiorari  proceeding  which  is  larger  than  the total budget of the
    23  school district for school year two thousand seven--two  thousand  eight

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06247-01-7
        S. 557                              2

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