S T A T E O F N E W Y O R K
________________________________________________________________________
5529
2011-2012 Regular Sessions
I N A S S E M B L Y
February 23, 2011
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Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the
Committee on Education
AN ACT to amend the education law, in relation to limiting the contin-
gency budget of a school district
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph a of subdivision 4 of section 2023 of the educa-
tion law, as added by section 24 of part A of chapter 436 of the laws of
1997, is amended to read as follows:
a. The contingency budget shall not result in a percentage increase in
total spending over the district's total spending under the school
district budget for the prior school year that exceeds the lesser of:
(i) the result obtained when one hundred twenty percent is multiplied by
the percentage increase in the consumer price index, with the result
rounded to two decimal places; [or] (ii) four percent; OR (III) THE
DOLLAR AMOUNT OF THE LOWEST, PROPOSED, DEFEATED BUDGET FOR THE APPLICA-
BLE SCHOOL YEAR. FOR THE PURPOSES OF THIS PARAGRAPH, THE SAME TYPES OF
EXPENDITURES EXCLUDED FROM THE CALCULATION OF TOTAL SPENDING FOR THE
PROPOSED BUDGET SHALL BE EXCLUDED WHEN CALCULATING THE TOTAL SPENDING IN
THE CONTINGENCY BUDGET.
S 2. This act shall take effect on the first of May next succeeding
the date on which it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04849-01-1