Bill Text: NY S06874 | 2013-2014 | General Assembly | Amended

New York Senate Bill 6874 (Prior Session Legislation)

Bill Title: Relates to establishing equalization rates for Greenburgh Central School District.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-06-04 - PRINT NUMBER 6874A [S06874 Detail]

Download: New_York-2013-S06874-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        6874--A
                                   I N  S E N A T E
                                    March 24, 2014
                                      ___________
       Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
         and when printed to be committed to the Committee on Local  Government
         --  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, the district shall compute aid under the provisions
   21  of such subdivision using the greater of:
   22    a. the building aid ratio computed for use in the current year; or
   23    b. a building aid ratio equal to the difference of the selected build-
   24  ing aid ratio equivalent computed pursuant to this  section,  less  one-
   25  tenth.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13404-05-4
       S. 6874--A                          2
    1    (1)  The  selected building aid ratio equivalent shall be the positive
    2  difference of:
    3    (a) one, less
    4    (b) the product, computed to three decimal places without rounding, of
    5    (i)  the  quotient, computed to three decimal places without rounding,
    6  of
    7    (A) the quotient, computed to the nearest whole number without  round-
    8  ing, of
    9    (I)  the  actual valuation of the school district, as defined pursuant
   10  to subdivision 1 of section 3602 of the education law, divided by
   11    (II) the equivalent pupils of the school district
   12    (B) divided by the state average actual valuation per  pupil  computed
   13  pursuant  to  subdivision 3 of section 3602 of the education law, multi-
   14  plied by
   15    (ii) fifty-one percent.
   16    Such aid ratio shall not be less than zero.
   17    (2) The  equivalent  pupils  of  the  school  district  shall  be  the
   18  quotient, computed to the nearest whole number without rounding, of
   19    (a)  an  equivalent actual valuation equal to the amount that would be
   20  computed obtained by taking the assessed valuation of taxable real prop-
   21  erty within such district as it appears upon the assessment roll of  the
   22  town  in which such property is located, for the calendar year two years
   23  prior to the calendar year in  which  the  base  year  commenced,  after
   24  revision  as  provided by law, and dividing it by the state equalization
   25  rate as determined by the state office of real  property  services,  for
   26  the  assessment roll of such town completed during such preceding calen-
   27  dar year, divided by
   28    (b) the product, computed to the nearest whole number  without  round-
   29  ing, of
   30    (i)  the state average actual valuation per pupil computed pursuant to
   31  subdivision 3 of section 3602 of the education law, multiplied by
   32    (ii) the quotient, computed to three decimals without rounding, of
   33    (A) the positive difference of
   34    (I) one less
   35    (II) the building aid ratio that was used or that would have been used
   36  to compute an apportionment pursuant to subdivision 6 of section 3602 of
   37  the education law in the 1999--2000 school year, divided by
   38    (B) fifty-one one-hundredths.
   39    The office of real property services shall determine  such  equivalent
   40  actual  valuation  and  shall report it to the state comptroller and the
   41  commissioner of education. Such computations shall be deemed  final  and
   42  not subject to change on or after July 1, 2015.
   43    S 3. This act shall take effect immediately.