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A08893 Summary:

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A08893 Floor Votes:

A08893 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         8893--B
 
                   IN ASSEMBLY
 
                                    February 27, 2014
                                       ___________
 
        Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
          tee  on  Real Property Taxation -- committee discharged, bill amended,
          ordered reprinted as amended and  recommitted  to  said  committee  --
          again  reported from said committee with amendments, ordered reprinted
          as amended and recommitted to said committee
 
        AN ACT to amend the real property tax law, in relation  to  establishing

          equalization rates for Greenburgh 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 1230 of the real property tax law,
     2  as amended by section 54 of part A1 of chapter 58 of the laws  of  2006,
     3  is amended to read as follows:
     4    3.  Special  equalization rates shall be established for the following
     5  school districts:
     6    Amityville union free school district
     7    Brentwood school district
     8    Central Islip school district
     9    Freeport union free school district
    10    Greenburgh central school district
    11    Hempstead union free school district
    12    Roosevelt union free school district
    13    Tuckahoe union free school district
    14    Uniondale union free school district
    15    Westbury union free school district

    16    Wyandanch school district
    17    § 2. For calculation of aid  apportioned  to  the  Greenburgh  central
    18  school  district  for  any  project  for  which aid is first apportioned
    19  pursuant to subdivision 6 of section 3602 of the  education  law  on  or
    20  after  July 1, 2014, the district shall compute aid under the provisions
    21  of such subdivision using the greater of:
    22    a. the building aid ratio computed for use in the current year; or
    23    b. a building aid ratio equal to the difference of the selected build-
    24  ing aid ratio equivalent computed pursuant to this  section,  less  one-
    25  tenth.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13404-04-4

        A. 8893--B                          2
 
     1    (1)  The  selected building aid ratio equivalent shall be the positive
     2  difference of:
     3    (a) one, less
     4    (b) the product, computed to three decimal places without rounding, of
     5    (i)  the  quotient, computed to three decimal places without rounding,
     6  of
     7    (A) the quotient, computed to the nearest whole number without  round-
     8  ing, of
     9    (I)  the  actual valuation of the school district, as defined pursuant
    10  to subdivision 1 of section 3602 of the education law, divided by
    11    (II) the equivalent pupils of the school district
    12    (B) divided by the state average actual valuation per  pupil  computed
    13  pursuant  to  subdivision 3 of section 3602 of the education law, multi-
    14  plied by
    15    (ii) fifty-one percent.
    16    Such aid ratio shall not be less than zero.

    17    (2) The  equivalent  pupils  of  the  school  district  shall  be  the
    18  quotient, computed to the nearest whole number without rounding, of
    19    (a)  an  equivalent actual valuation equal to the amount that would be
    20  computed obtained by taking the assessed valuation of taxable real prop-
    21  erty within such district as it appears upon the assessment roll of  the
    22  town  in which such property is located, for the calendar year two years
    23  prior to the calendar year in  which  the  base  year  commenced,  after
    24  revision  as  provided by law, and dividing it by the state equalization
    25  rate as determined by the state office of real  property  services,  for
    26  the  assessment roll of such town completed during such preceding calen-
    27  dar year, divided by
    28    (b) the product, computed to the nearest whole number  without  round-
    29  ing, of

    30    (i)  the state average actual valuation per pupil computed pursuant to
    31  subdivision 3 of section 3602 of the education law, multiplied by
    32    (ii) the quotient, computed to three decimals without rounding, of
    33    (A) the positive difference of
    34    (I) one less
    35    (II) the building aid ratio that was used or that would have been used
    36  to compute an apportionment pursuant to subdivision 6 of section 3602 of
    37  the education law in the 1999--2000 school year, divided by
    38    (B) fifty-one one-hundredths.
    39    The office of real property services shall determine  such  equivalent
    40  actual  valuation  and  shall report it to the state comptroller and the
    41  commissioner of education. Such computations shall be deemed  final  and
    42  not subject to change on or after July 1, 2015.
    43    § 3. This act shall take effect immediately.