Assembly Bill A3384

2019-2020 Legislative Session

Provides for funding for a sound basic education

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A3384 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Add §912, RWB L; amd §§1612 & 1614, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A1408
2011-2012: A3102
2013-2014: A2836
2015-2016: A1491
2017-2018: A7272
2021-2022: A4000

2019-A3384 (ACTIVE) - Summary

Provides for funding for a sound basic education; directs that a percentage of payments under articles five and ten of the racing, pari-mutuel wagering and breeding law made by off-track betting corporations shall be transferred to the state comptroller for deposit in the sound basic education fund.

2019-A3384 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3384
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 29, 2019
                                ___________
 
 Introduced  by M. of A. DICKENS -- read once and referred to the Commit-
   tee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law  and
   the tax law, in relation to funding for a sound basic education
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative intent. The state of New York has an obligation
 under its constitution to provide its children with a sound basic educa-
 tion as recently and explicitly expressed in the Court of Appeals  deci-
 sion  in  CAMPAIGN  FOR  FISCAL EQUITY V. STATE. In order to comply with
 such holding and constitutional duty, the legislature hereby finds  that
 new  and continuing funding streams are necessary to meet such duty. The
 legislature further finds that the existing and  primary  funding  mech-
 anism  for  education  in this state, the real property tax, has histor-
 ically been imposed by local governments and state support for education
 should and is intended to rectify uneven revenue yields from that source
 of revenue due to local prevailing market forces.
   Supplementing the local property tax is necessary to assure that chil-
 dren residing in areas of high need for educational services  that  also
 have  a  small  tax base can receive the same fiscal resources that more
 fortunate areas of the state utilize to educate our children. Each child
 is entitled to substantially similar resources. To achieve this end in a
 manner that will not unnecessarily displace or reduce  the  support  for
 other  vulnerable  populations, the legislature hereby finds that licen-
 sees of the newly created video lottery terminals, the division  of  the
 lottery and other such beneficiaries will be receiving a substantial new
 form  of  revenue  due  to recently enacted legislation and can absorb a
 reduction in income from other sources at this time. The reductions  and
 transfers  in  this  act  will  provide for a continuing and substantial
 revenue source for  the  state  to  partially  fund  its  obligation  to
 adequately educate every child in this state.
   §  2.  The racing, pari-mutuel wagering and breeding law is amended by
 adding a new section 912 to read as follows:
 
              

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