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Senate Bill S1854

2015-2016 Legislative Session

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

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Sponsored By

Archive: Last Bill Status - In Senate Committee Education Committee

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2015-S1854 (ACTIVE) - Details

See Assembly Version of this Bill:
A4622
Current Committee:
Senate Education
Law Section:
Education
Versions Introduced in Other Legislative Sessions:
2011-2012: S7616, A10638
2013-2014: S1006, A4391

2015-S1854 (ACTIVE) - Summary

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

2015-S1854 (ACTIVE) - Sponsor Memo

2015-S1854 (ACTIVE) - Bill Text download pdf 

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

                                  1854

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 15, 2015
                               ___________

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

AN ACT to provide for 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  section
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 prop-
erty within 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
property  services, for the assessment roll of such town, city, village,
or county completed during such preceding calendar year.    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  valuation  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.
                                                           LBD05692-01-5

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