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A05593 Summary:

BILL NOA05593
 
SAME ASSAME AS S03672
 
SPONSORSempolinski
 
COSPNSR
 
MLTSPNSR
 
Amd §3641, Ed L
 
Provides a $500,000 supplemental valuation impact grant to the West Valley central school district during the 2024--2025 school year.
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A05593 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5593
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 18, 2025
                                       ___________
 
        Introduced  by  M.  of  A.  SEMPOLINSKI -- read once and referred to the
          Committee on Education
 
        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] twenty-four--two thou-
     8  sand [nine and two thousand nine--two thousand ten]  twenty-five  school
     9  [years] year, the [amounts] amount specified in [paragraphs] paragraph c
    10  [and  d]  of this subdivision shall be paid for the purpose of providing
    11  additional funding for a school [districts] district which [have experi-
    12  enced a significant financial hardship caused by an extraordinary change
    13  in the taxable property valuation or extraordinary  judgments  resulting
    14  from  tax  certiorari proceedings] has more than eighty-three percent of
    15  its 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
    22  certiorari proceeding which is larger  than  the  total  budget  of  the
    23  school  district  for school year two thousand seven--two thousand eight
    24  or for school districts] district which [have observed  a  reduction  of

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04636-01-5

        A. 5593                             2

     1  taxable  real  property of more than seventy-five percent between school
     2  year two thousand five--two thousand six and school  year  two  thousand
     3  eight--two thousand nine] has more than eighty-three percent of its real
     4  property  classified as tax exempt during school year two thousand twen-
     5  ty-four--two thousand twenty-five may benefit from temporary  additional
     6  assistance.
     7    c.  To  the  [Barker  central school district, there shall be paid one
     8  million three hundred thousand dollars ($1,300,000). Such grant shall be
     9  payable to the Barker central school district  in  accordance  with  the
    10  payment schedules contained in section thirty-six hundred nine-a of this
    11  article, notwithstanding any provision of law to the contrary.
    12    d.  To the Haverstraw-Stony Point central school district, there shall
    13  be paid two million five hundred  thousand  dollars  ($2,500,000).  Such
    14  grant  shall  be  payable  to  the Haverstraw-Stony Point central school
    15  district in accordance with the payment schedules contained  in  section
    16  thirty-six hundred nine-a of this article, notwithstanding any provision
    17  of law to the contrary] West Valley central school district, there shall
    18  be  paid  five  hundred thousand dollars ($500,000). Such grant shall be
    19  payable to the West Valley central school district  in  accordance  with
    20  the  payment schedules contained in section thirty-six hundred nine-a of
    21  this article, notwithstanding any provision of law to the contrary.
    22    § 2. This act shall take effect immediately.
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