S02607 Summary:

BILL NOS02607
 
SAME ASSAME AS A00638
 
SPONSORLATIMER
 
COSPNSR
 
MLTSPNSR
 
Amd S3-c, Gen Muni L
 
Exempts cost associated with revaluations or reassessments from the tax levy limit on real property.
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S02607 Actions:

BILL NOS02607
 
01/26/2015REFERRED TO LOCAL GOVERNMENT
01/06/2016REFERRED TO LOCAL GOVERNMENT
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S02607 Memo:

Memo not available
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S02607 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2607
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                    January 26, 2015
                                       ___________
 
        Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
 
        AN ACT to amend the general municipal law, in relation to exempting  the
          costs  associated  with  real property revaluation or reassessment for
          the tax levy limit
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subparagraph  (iv)  of  paragraph (g) of subdivision 2 of
     2  section 3-c of the general municipal law, as added by section 1 of  part
     3  A  of  chapter 97 of the laws of 2011, is amended and a new subparagraph
     4  (v) is added to read as follows:
     5    (iv) in years in which the normal contribution rate of  the  New  York
     6  state teachers' retirement system, as defined by paragraph a of subdivi-
     7  sion  two  of  section  five  hundred  seventeen  of  the education law,
     8  increases by more than two percentage points from the previous  year,  a
     9  tax levy necessary for expenditures for the coming fiscal year for local
    10  government  employer  contributions  to  the  New  York  state teachers'
    11  retirement system caused by growth in the normal contribution rate minus
    12  two percentage points[.];
    13    (v) all costs associated with real property revaluations or  reassess-
    14  ments.
    15    §  2.  Paragraph  (a)  of  subdivision 3 of section 3-c of the general
    16  municipal law, as added by section 1 of part A of chapter 97 of the laws
    17  of 2011, is amended to read as follows:
    18    (a) Subject to the provisions of subdivision  five  of  this  section,
    19  beginning  with  the  fiscal year that begins in two thousand twelve, no
    20  local government shall adopt a budget that requires a tax levy  that  is
    21  greater  than  the  tax  levy limit for the coming fiscal year. Provided
    22  however the tax levy limit  shall  not  prohibit  a  levy  necessary  to
    23  support  the  expenditures  pursuant to subparagraphs (i) through [(iv)]
    24  (v) of paragraph (g) of subdivision two of this section.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04355-01-5

        S. 2607                             2
 
     1    § 3. Subdivision 5 of section 3-c of the  general  municipal  law,  as
     2  added  by  section  1  of  part  A of chapter 97 of the laws of 2011, is
     3  amended to read as follows:
     4    5. A local government may adopt a budget that requires a tax levy that
     5  is  greater  than  the  tax  levy  limit for the coming fiscal year, not
     6  including any levy necessary to support  the  expenditures  pursuant  to
     7  subparagraphs (i) through [(iv)] (v) of paragraph [g] (g) of subdivision
     8  two of this section, only if the governing body of such local government
     9  first  enacts,  by  a vote of sixty percent of the total voting power of
    10  such body, a local law to override such limit  for  such  coming  fiscal
    11  year  only, or in the case of a district or fire district, a resolution,
    12  approved by a vote of sixty percent of the total voting  power  of  such
    13  body, to override such limit for such coming fiscal year only.
    14    §  4.  This act shall take effect immediately; provided, however, that
    15  the amendments to section 3-c of  the  general  municipal  law  made  by
    16  sections  one, two, and three of this act shall not affect the repeal of
    17  such section and shall be deemed repealed therewith.
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