senate Bill S6724

Relates to the calculation of "adjusted gross income" for purposes of computation of state aid

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Bill Status


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

  • 04 / Mar / 2014
    • REFERRED TO EDUCATION

Summary

Relates to the calculation of "adjusted gross income" for purposes of computation of state aid.

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Bill Details

See Assembly Version of this Bill:
A8937
Versions:
S6724
Legislative Cycle:
2013-2014
Current Committee:
Senate Education
Law Section:
Education

Sponsor Memo

BILL NUMBER:S6724

TITLE OF BILL: An act in relation to the calculation of "adjusted
gross income" for purposes of computation of state aid

PURPOSE:To provide a provision in section 3602 of the education law
for the 2014-15 school year for any school district in which the
adjusted cross income for the 2011 calendar year exceeds the adjusted
gross income for the 2010 calendar year by greater than fifty percent
but less than one hundred percent.

SUMMARY OF PROVISIONS:Section 1. Notwithstanding any provision of the
law to the contract, for purposes of computing state aid pursuant to
section 3602 of the education law for the 2014-15 school year for any
school district in which the adjusted gross income for 2011 calendar
year by greater than fifty percent but less than on hundred percent,
"adjusted gross income" shall mean the adjusted gross income of a
school district for the calendar year four years prior to the calendar
year in which the current year commences. The income date shall be
computed in accordance with regulations adopted by the commissioner of
taxation and finance based upon personal income tax returns for the
calendar year three years prior to the calendar year in which the
current school year commences, as reported to the commissioner by
September of the base year, including the results of the permanent
computerized statewide school district address match and income
verification system.

Section 2 provides the effective date.

JUSTIFICATION: The New York Lottery's sole mission is to earn revenue
for education. Therefore, when the lottery causes unintentional cuts
to education, there is a fundamental issue that needs to be addressed.
Specifically, in the village of Green island, after a resident won a
$28.7 million share of a $319 million Mega Million prize, it caused an
increase in the Green Island School Districts' Combine Wealth Ratio
for the 2014-15 school year which has resulted in a cut to their
education aid.

The $28.7 million jackpot was equivalent to 68 percent of the $42
million annual earnings of the 2,610 residents of the village. When
you add the numbers together, Green island's income jumped to $70.7
million in 2012 which would make Green Island appear to have the same
resources as some of the richer and larger suburban districts when in
fact 59 percent of the 331 students receive free or reduced cost meals
and nearly 45 percent of the district's $6.3 million budget is funded
by the state. Additionally, the resident who won the lottery sold
their home and moved out of state.

This provision in the education law would protect the school district
in which the adjusted gross income for the 2011 calendar year exceeds
the adjusted gross income for the 2010 calendar year by greater than
fifty percent as a result of the lottery winnings.

LEGISLATIVE HISTORY: This is a new bill.

FISCAL IMPLICATIONS: None to the state.


EFFECTIVE DATE: This act shall take effect July 1, 2014.

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

    S. 6724                                                  A. 8937

                      S E N A T E - A S S E M B L Y

                              March 4, 2014
                               ___________

IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Education

IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
  to the Committee on Education

AN  ACT  in  relation  to the calculation of "adjusted gross income" for
  purposes of computation of state aid

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Notwithstanding any provision of the law to the contrary,
for purposes of computing state aid pursuant  to  section  3602  of  the
education  law  for  the  2014-15 school year for any school district in
which the adjusted gross income for the 2011 calendar year  exceeds  the
adjusted  gross  income for the 2010 calendar year by greater than fifty
percent but less than one hundred percent, "adjusted gross income" shall
mean the adjusted gross income of a school  district  for  the  calendar
year  four  years  prior  to the calendar year in which the current year
commences. The income data shall be computed in  accordance  with  regu-
lations  adopted  by the commissioner of taxation and finance based upon
personal income tax returns for the calendar year three years  prior  to
the  calendar  year  in  which  the  current  school  year commences, as
reported to the commissioner by September of the  base  year,  including
the  results  of  the  permanent  computerized statewide school district
address match and income verification system.
  S 2. This act shall take effect July 1, 2014.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14172-01-4

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