STATE OF NEW YORK
________________________________________________________________________
5005--A
2017-2018 Regular Sessions
IN ASSEMBLY
February 6, 2017
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Introduced by M. of A. GIGLIO -- read once and referred to the Committee
on Real Property Taxation -- recommitted to the Committee on Real
Property Taxation in accordance with Assembly Rule 3, sec. 2 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the education law, in relation to providing a supple-
mental valuation impact grant to the West Valley central school
district
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 3 of section 3641 of the education law, as
2 added by section 29-a of part B of chapter 57 of the laws of 2008, para-
3 graph a as amended by section 31 of part A of chapter 57 of the laws of
4 2009, is amended to read as follows:
5 3. Supplemental valuation impact grants. a. In addition to apportion-
6 ments otherwise provided by section thirty-six hundred two of this arti-
7 cle, for aid payable in the two thousand [eight] eighteen--two thousand
8 [nine and two thousand nine--two thousand ten] nineteen school [years]
9 year, the [amounts] amount specified in [paragraphs] paragraph c [and d]
10 of this subdivision shall be paid for the purpose of providing addi-
11 tional funding for a school [districts] district which [have experienced
12 a significant financial hardship caused by an extraordinary change in
13 the taxable property valuation or extraordinary judgments resulting from
14 tax certiorari proceedings] has more than eighty-three percent of its
15 real property classified as tax exempt.
16 b. The purpose of this subdivision is to provide financial assistance
17 to a school [districts] district which [have experienced a significant
18 reduction in the taxable full value of the school district or extraor-
19 dinary tax certiorari judgments] has more than eighty-three percent of
20 its real property classified as tax exempt. The legislature finds that
21 a school [districts for which a judgment was made resulting from a tax
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06247-03-8
A. 5005--A 2
1 certiorari proceeding which is larger than the total budget of the
2 school district for school year two thousand seven--two thousand eight
3 or for school districts] district which [have observed a reduction of
4 taxable real property of more than seventy-five percent between school
5 year two thousand five--two thousand six and school year two thousand
6 eight--two thousand nine] has more than eighty-three percent of its real
7 property classified as tax exempt during school year two thousand eigh-
8 teen--two thousand nineteen may benefit from temporary additional
9 assistance.
10 c. To the [Barker central school district, there shall be paid one
11 million three hundred thousand dollars ($1,300,000). Such grant shall be
12 payable to the Barker central school district in accordance with the
13 payment schedules contained in section thirty-six hundred nine-a of this
14 article, notwithstanding any provision of law to the contrary.
15 d. To the Haverstraw-Stony Point central school district, there shall
16 be paid two million five hundred thousand dollars ($2,500,000). Such
17 grant shall be payable to the Haverstraw-Stony Point central school
18 district in accordance with the payment schedules contained in section
19 thirty-six hundred nine-a of this article, notwithstanding any provision
20 of law to the contrary] West Valley central school district, there shall
21 be paid five hundred thousand dollars ($500,000). Such grant shall be
22 payable to the West Valley central school district in accordance with
23 the payment schedules contained in section thirty-six hundred nine-a of
24 this article, notwithstanding any provision of law to the contrary.
25 § 2. This act shall take effect immediately.
