Grants a special apportionment to school districts having a population of between 195,000 and 219,000, for additional expenses incurred in the 2023-2024 and 2024-2025 school years associated with changes in public pension liabilities.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7480
SPONSOR: Pretlow TITLE OF BILL:
An act to amend part M of chapter 57 of the laws of 2005, amending the
education law relating to providing for school budget revote, in
relation to a special apportionment for public pension accruals
PURPOSE:
Grants a special apportionment to certain public pension liabilities.
SUMMARY OF PROVISIONS:
This bill amends adopted legislation regarding special apportionment of
public pension accruals for certain school districts.
JUSTIFICATION:
This legislation permits certain school districts to make additional
accruals for public pension purposes such that the total accrual shall
be no more than the total fiscal impact of the changes due to the
Governmental Accounting Standards Board (GASB) requirements over the
2004-2005 and 2005-2006 school years. In doing so, this legislation
affords certain school districts flexibility in dealing with GASB
compliance with no fiscal impact on the state or school districts.
LEGISLATIVE HISTORY:
A4547 01/03/24 referred to education
A4547 02/16/23 referred to education
A1600 2021-2022 referred to education
A4086 2019-2020 referred to education
A784 2017-2018 referred to education
A1767 2015-2016 referred to education
A4244 2013-14 referred to education.sk 1
A2470 2009-2010 01/16/09
REFERRED TO EDUCATION
01/06/10 REFERRED TO EDUCATION
FISCAL IMPLICATIONS:
None.
LOCAL FISCAL IMPLICATIONS:
None.
EFFECTIVE DATE:
This act shall take effect April 1, 2023; provided that if this 1 act
shall become a law after such date, it shall take effect immediately and
be deemed to have been in full force and effect on and after such date.
STATE OF NEW YORK
________________________________________________________________________
7480
2025-2026 Regular Sessions
IN ASSEMBLY
March 28, 2025
___________
Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
tee on Education
AN ACT to amend part M of chapter 57 of the laws of 2005, amending the
education law relating to providing for school budget revote, in
relation to a special apportionment for public pension accruals
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision a of section 10 of part M of chapter 57 of the
2 laws of 2005, amending the education law relating to providing for
3 school budget revote, is amended to read as follows:
4 a. Notwithstanding any other provision of law, (1) upon application
5 to the commissioner of education, not later than June 30, 2005, a school
6 district eligible for an apportionment pursuant to section 3602 of the
7 education law shall be eligible to receive an apportionment pursuant to
8 this section, for the school year ending June 30, 2005, and such appor-
9 tionment shall not exceed the additional accruals required to be made by
10 school districts in the 2004-2005 school year associated with changes in
11 accounting methodologies for liabilities for employer and employee
12 contributions due and payable to a public retirement system, and (2)
13 upon application to the commissioner of education, not later than June
14 30, 2006, a school district eligible for an apportionment pursuant to
15 section 3602 of the education law shall be eligible to receive an appor-
16 tionment pursuant to this section, for the school year ending June 30,
17 2006, and such apportionment shall not exceed the additional accruals
18 required to be made by school districts in the 2004-05 or 2005-06
19 school years associated with changes in accounting methodologies for
20 such public pension liabilities and/or (3) for school districts with a
21 population in excess of one hundred ninety-five thousand inhabitants and
22 less than two hundred nineteen thousand inhabitants according to the
23 latest federal census, upon application to the commissioner of educa-
24 tion, not later than June 30, 2025, a school district eligible for an
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10710-01-5
A. 7480 2
1 apportionment pursuant to section 3602 of the education law shall be
2 eligible to receive an apportionment pursuant to this section, for the
3 school year ending June 30, 2025, and such apportionment shall not
4 exceed the additional accruals required to be made by such district in
5 both the 2023-2024 and 2024-2025 school years associated with changes in
6 public pension liabilities. The amount of such additional accrual shall
7 be certified to the commissioner of education by the president of the
8 board of education or the trustees or, in the case of a city school
9 district in a city with a population in excess of one hundred twenty-
10 five thousand inhabitants, the mayor of such city. Such application
11 shall be made by a school district, after the board of education or
12 trustees have adopted a resolution to do so and in the case of a city
13 school district in a city with a population in excess of one hundred
14 twenty-five thousand inhabitants, with the approval of the mayor of such
15 city.
16 § 2. This act shall take effect April 1, 2025; provided that if this
17 act shall become a law after such date, it shall take effect immediately
18 and shall be deemed to have been in full force and effect on and after
19 such date.
