Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 04, 2023 |
delivered to secretary of state |
Mar 29, 2023 |
returned to assembly passed senate 3rd reading cal.503 substituted for s5025 |
Mar 29, 2023 |
substituted by a1771a |
Mar 20, 2023 |
advanced to third reading |
Mar 16, 2023 |
2nd report cal. |
Mar 15, 2023 |
opinion referred to judiciary 1st report cal.503 |
Feb 27, 2023 |
to attorney-general for opinion |
Feb 22, 2023 |
referred to judiciary |
Senate Bill S5025
2023-2024 Legislative Session
Sponsored By
(D, WF) 37th Senate District
Current Bill Status Via A1771 - Passed Senate
- 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
Actions
Votes
co-Sponsors
(D, WF) 52nd Senate District
2023-S5025 (ACTIVE) - Details
2023-S5025 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5025 SPONSOR: MAYER TITLE OF BILL: CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to section 4 of article 8 of the constitution, in relation to limita- tions on local indebtedness PURPOSE: To remove the constitutional debt limitation currently imposed upon small city school districts. SUMMARY OF PROVISIONS: Section 1 of this proposed constitutional amendment removes the current five percent (of average full valuation of taxable real property) debt limit imposed upon school districts wholly or partly located in cities with less than 125,000 inhabitants (i.e., small city school districts). This proposal also clarifies language that small city debt limits shall exclude debt incurred for education purposes.
2023-S5025 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5025 2023-2024 Regular Sessions I N S E N A T E February 22, 2023 ___________ Introduced by Sen. MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to section 4 of article 8 of the constitution, in relation to limitations on local indebtedness Section 1. Resolved (if the Assembly concur), That section 4 of arti- cle 8 of the constitution be amended to read as follows: § 4. Except as otherwise provided in this constitution, no county, city, town[,] OR village [or school district] described in this section shall be allowed to contract indebtedness for any purpose or in any manner which, including existing indebtedness, shall exceed an amount equal to the following percentages of the average full valuation of taxable real estate of such county, city, town[,] OR village [or school district]: (a) the county of Nassau, for county purposes, ten per centum; (b) any county, other than the county of Nassau, for county purposes, seven per centum; (c) the city of New York, for city purposes, ten per centum; (d) any city, other than the city of New York, having one hundred twenty-five thousand or more inhabitants according to the latest federal census, for city purposes, nine per centum; (e) any city having less than one hundred twenty-five thousand inhab- itants according to the latest federal census, for city purposes, [excluding education purposes,] seven per centum; (f) any town, for town purposes, seven per centum; AND (g) any village for village purposes, seven per centum[; and (h) any school district which is coterminous with, or partly within, or wholly within, a city having less than one hundred twenty-five thou- sand inhabitants according to the latest federal census, for education purposes, five per centum; provided, however, that such limitation may be increased in relation to indebtedness for specified objects or purposes with (1) the approving vote of sixty per centum or more of the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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