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Senate Bill S7616

2011-2012 Legislative Session

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

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Archive: Last Bill Status - In Senate Committee Education Committee

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2011-S7616 (ACTIVE) - Details

See Assembly Version of this Bill:
A10638
Current Committee:
Senate Education
Law Section:
Education
Versions Introduced in Other Legislative Sessions:
2013-2014: S1006, A4391
2015-2016: S1854, A4622

2011-S7616 (ACTIVE) - Summary

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

2011-S7616 (ACTIVE) - Sponsor Memo

2011-S7616 (ACTIVE) - Bill Text download pdf 

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

                                  7616

                            I N  S E N A T E

                              June 7, 2012
                               ___________

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

AN ACT in relation to 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.
                                                           LBD16151-02-2

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