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Speaker Carl E. Heastie
 
     
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S01929 Summary:

BILL NOS01929A
 
SAME ASSAME AS A09545
 
SPONSORWEBER
 
COSPNSR
 
MLTSPNSR
 
Amd §3602, Ed L
 
Adjusts the regional labor force cost index for the Hudson Valley region for the 2025--2026 school year and thereafter.
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S01929 Text:




 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         1929--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    January 14, 2025
                                       ___________
 
        Introduced  by  Sen.  WEBER  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Education  --  recommitted
          to the Committee on Education in accordance with Senate Rule 6, sec. 8
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted to said committee

        AN ACT to amend the education law, in relation to adjusting the regional
          cost index for state school aid with  respect  to  the  Hudson  Valley
          region
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subparagraph 2 of paragraph a of subdivision 4  of  section
     2  3602 of the education law, as amended by section 10-a of part A of chap-
     3  ter 56 of the laws of 2025, is amended to read as follows:
     4    (2)  (A)  The  regional  cost index shall reflect an analysis of labor
     5  market costs based on median salaries in professional  occupations  that
     6  require  similar  credentials  to  those  of  positions in the education
     7  field, but not including  those  occupations  in  the  education  field,
     8  provided  that the regional cost indices for the two thousand seven--two
     9  thousand eight school year [and thereafter]  through  the  two  thousand
    10  twenty-five--two thousand twenty-six school year shall be as follows:
    11            Labor Force Region  Index
    12            Capital District    1.124
    13            Southern Tier       1.045
    14            Western New York    1.091
    15            Hudson Valley       1.314
    16            Long Island/NYC     1.425
    17            Finger Lakes        1.141
    18            Central New York    1.103
    19            Mohawk Valley       1.000
    20            North Country       1.000
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03427-03-6

        S. 1929--A                          2

     1    Provided that in the two thousand twenty-five--two thousand twenty-six
     2  school  year  and  thereafter,  the  regional cost index for Westchester
     3  county shall be 1.351.
     4    (B)  For the two thousand twenty-six--two thousand twenty-seven school
     5  year and thereafter the regional cost indices shall be as follows:
     6            Labor Force Region  Index
     7            Capital District    1.124
     8            Southern Tier       1.045
     9            Western New York    1.091
    10            Hudson Valley       1.425
    11            Long Island/NYC     1.425
    12            Finger Lakes        1.141
    13            Central New York    1.103
    14            Mohawk Valley       1.000
    15            North Country       1.000
    16    § 2. This act shall take effect immediately.
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