|SAME AS||SAME AS A00638|
|Amd S3-c, Gen Muni L|
|Exempts cost associated with revaluations or reassessments from the tax levy limit on real property.|
|01/26/2015||REFERRED TO LOCAL GOVERNMENT|
|01/06/2016||REFERRED TO LOCAL GOVERNMENT|
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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. LBD04355-01-5S. 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.