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Senate Bill S4829

2011-2012 Legislative Session

Provides that a school district contingency budget shall not result in an annual increase in the tax levy

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Archive: Last Bill Status - Stricken

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2011-S4829 (ACTIVE) - Details

Law Section:
Education Law
Laws Affected:
Amd ยง2023, Ed L

2011-S4829 (ACTIVE) - Summary

Provides that a school district contingency budget shall not result in an annual increase in the tax levy.

2011-S4829 (ACTIVE) - Sponsor Memo

2011-S4829 (ACTIVE) - Bill Text download pdf

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

                                  4829

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             April 27, 2011
                               ___________

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

AN ACT to amend the education law, in relation to contingency budgets

  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]  AN
increase  [in total spending] OF THE ANNUAL TAX LEVY over the district's
[total spending] ANNUAL TAX LEVY 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].
  S  2.  This act shall take effect immediately and shall first apply to
the levy of taxes by school districts for the 2012-2013 school year  and
to  school district meetings and elections held on and after such effec-
tive date.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11098-01-1


              

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