Bill Text: NY S07616 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 7616 (Prior Session Legislation)

Introduced

Bill Title: Provides for the determination of actual valuation for the Cambridge central school district.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2012-06-07 - REFERRED TO EDUCATION [S07616 Detail]

Download: New_York-2011-S07616-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7616
                                   I N  S E N A T E
                                     June 7, 2012
                                      ___________
       Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
         printed to be committed to the Committee on Education
       AN ACT in relation to the determination  of  actual  valuation  for  the
         Cambridge central school district
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Notwithstanding paragraph c of subdivision 1 of 3602 of the
    2  education law for the Cambridge school district "actual valuation" shall
    3  mean the valuation  of  taxable  real  property  in  a  school  district
    4  obtained by taking the assessed valuation of taxable real property with-
    5  in  such  district  as  it appears upon the assessment roll of the town,
    6  city, village, or county in which such  property  is  located,  for  the
    7  calendar year one year prior to the calendar year in which the base year
    8  commenced,  after  revision  as  provided by law, and dividing it by the
    9  state equalization rate as determined by the state board of real proper-
   10  ty services, for the assessment roll of such  town,  city,  village,  or
   11  county  completed  during such preceding calendar year. The actual valu-
   12  ation of a central high school district shall be the sum of  such  valu-
   13  ations  of  its component districts. Such actual valuation shall include
   14  any actual valuation equivalent of payments in lieu of taxes  determined
   15  pursuant  to section 485 of the real property tax law.  "Selected actual
   16  valuation" shall mean the lesser of actual valuation calculated for  aid
   17  payable  in the current year or the two-year average of the actual valu-
   18  ation calculated for aid payable in the  current  year  and  the  actual
   19  valuation calculated for aid payable in the base year.
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD16151-02-2