senate Bill S1006

Amended

Provides for the determination of actual valuation for the Cambridge central school district

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 09 / Jan / 2013
    • REFERRED TO EDUCATION
  • 05 / Jun / 2013
    • AMEND AND RECOMMIT TO EDUCATION
  • 05 / Jun / 2013
    • PRINT NUMBER 1006A
  • 08 / Jan / 2014
    • REFERRED TO EDUCATION

Summary

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

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Bill Details

See Assembly Version of this Bill:
A4391
Versions:
S1006
S1006A
Legislative Cycle:
2013-2014
Current Committee:
Senate Education
Law Section:
Education
Versions Introduced in 2011-2012 Legislative Cycle:
S7616, A10638

Sponsor Memo

BILL NUMBER:S1006

TITLE OF BILL:
An act
to provide for the determination of actual valuation for the Cambridge
central school district

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

SUMMARY OF PROVISIONS:

Section 1- Provides for the determination of the actual valuation for
the Cambridge Central School District.

Section 2- Contains the effective date.

JUSTIFICATION:
The Cambridge Central School Districts actual valuation has increased
by 107.4 percent since 2003. As such the school aid formula
calculation for the Cambridge Central School District does not
adequately reflect the district needs.

This bill will allow the formula to utilize the 2011 actual valuation
rates rather than the 2010 rates.

LEGISLATIVE HISTORY:
2012 S. 7616 Referred to Education

FISCAL IMPLICATIONS: To be determined

EFFECTIVE DATE:
This act shall take effect immediately

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1006

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN ACT to provide for 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:

  Section 1. Notwithstanding paragraph c of subdivision 1 of 3602 of the
education law for the Cambridge school district "actual valuation" shall
mean the valuation  of  taxable  real  property  in  a  school  district
obtained by taking the assessed valuation of taxable real property with-
in  such  district  as  it appears upon the assessment roll of the town,
city, village, or county in which such  property  is  located,  for  the
calendar year one year prior to the calendar year in which the base year
commenced,  after  revision  as  provided by law, and dividing it by the
state equalization rate as determined by the state board of real proper-
ty services, for the assessment roll of such  town,  city,  village,  or
county  completed  during such preceding calendar year. The actual valu-
ation of a central high school district shall be the sum of  such  valu-
ations  of  its component districts. Such actual valuation shall include
any actual valuation equivalent of payments in lieu of taxes  determined
pursuant  to section 485 of the real property tax law.  "Selected actual
valuation" shall mean the lesser of actual valuation calculated for  aid
payable  in the current year or the two-year average of the actual valu-
ation calculated for aid payable in the  current  year  and  the  actual
valuation calculated for aid payable in the base year.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01217-01-3

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