Bill Text: NY S02277 | 2025-2026 | General Assembly | Introduced

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Bill Title: Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-16 - REFERRED TO EDUCATION [S02277 Detail]

Download: New_York-2025-S02277-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2277

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 16, 2025
                                       ___________

        Introduced  by  Sen.  WEBB  --  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  limitations  upon
          school district tax levies

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph b of subdivision  3  of  section  2023-a  of  the
     2  education law, as added by section 2 of part A of chapter 97 of the laws
     3  of 2011, is amended to read as follows:
     4    b.  Provided,  however,  if the difference between the total amount of
     5  taxes levied for the prior year less the tax levy  limit  results  in  a
     6  negative  number,  the  tax  levy limit shall be equal to a zero percent
     7  increase over the prior year tax levy.
     8    c. On or before March first of each year, any school district  subject
     9  to the provisions of this section shall submit to the state comptroller,
    10  the  commissioner,  and  the  commissioner of taxation and finance, in a
    11  form and manner prescribed by the  state  comptroller,  any  information
    12  necessary  for  the  calculation  of  the tax levy limit; and the school
    13  district's determination of the tax levy limit pursuant to this  section
    14  shall  be  subject to review by the commissioner and the commissioner of
    15  taxation and finance.
    16    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00462-01-5