BILL NO | A00447 |
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SAME AS | No same as |
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SPONSOR | Cahill (MS) |
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COSPNSR | Peoples-Stokes, Reilly, Rivera N, Weisenberg |
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MLTSPNSR | Boyland, Brennan, Destito, Katz, Latimer, Lavine, Molinaro, Robinson, Schroeder |
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Add Title V Art 71 SS3501 - 3506, amd SS1909, 3601, 3602 & 3651, Ed L; rpld Art 13, amd RPT L, generally;
rpld SS1204, 1211 & 1212, S1261 sub (e), S1262 sub (e), amd Tax L, generally |
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Makes provisions for the state to assume all costs of basic quality education and for the elimination of real property taxes for the support of education; requires board of regents to establish a schedule of mandatory basic services and costs thereof; provides that school districts shall submit an annual basic budget to the department of education for basic services; increases taxes on personal income and business; makes special provisions for reduction of tax in certain cities and for reduction in rent by tenants in such cities; provides for phased in methods of funding using a "Basic Quality Education" formula; repeals certain provisions of the tax law and real property tax law relating thereto. |