Bill Text: NY S00570 | 2011-2012 | General Assembly | Introduced

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Bill Title: Limits a school district contingency budget to the lowest proposed defeated budget for the applicable school year.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-30 - RECOMMIT, ENACTING CLAUSE STRICKEN [S00570 Detail]

Download: New_York-2011-S00570-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          570
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  Sen.  KLEIN  -- 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 limiting  the  contin-
         gency budget of a school district
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph a of subdivision 4 of section 2023 of the  educa-
    2  tion law, as added by section 24 of part A of chapter 436 of the laws of
    3  1997, is amended to read as follows:
    4    a. The contingency budget shall not result in a percentage increase in
    5  total  spending  over  the  district's  total  spending under the school
    6  district budget for the prior school year that exceeds  the  lesser  of:
    7  (i) the result obtained when one hundred twenty percent is multiplied by
    8  the  percentage  increase  in  the consumer price index, with the result
    9  rounded to two decimal places; [or] (ii)  four  percent;  OR  (III)  THE
   10  DOLLAR  AMOUNT OF THE LOWEST, PROPOSED, DEFEATED BUDGET FOR THE APPLICA-
   11  BLE SCHOOL YEAR. FOR THE PURPOSES OF THIS PARAGRAPH, THE SAME  TYPES  OF
   12  EXPENDITURES  EXCLUDED  FROM  THE  CALCULATION OF TOTAL SPENDING FOR THE
   13  PROPOSED BUDGET SHALL BE EXCLUDED WHEN CALCULATING THE TOTAL SPENDING IN
   14  THE CONTINGENCY BUDGET.
   15    S 2. This act shall take effect on the first of  May  next  succeeding
   16  the date on which it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04849-01-1