Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.
STATE OF NEW YORK
________________________________________________________________________
6753
2023-2024 Regular Sessions
IN SENATE
May 9, 2023
___________
Introduced by Sen. WEBB -- read twice and ordered printed, and when
printed to be committed to the Committee on Education
AN ACT to amend the education law, in relation to limitations upon
school district tax levies
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph b of subdivision 3 of section 2023-a of the
2 education law, as added by section 2 of part A of chapter 97 of the laws
3 of 2011, is amended to read as follows:
4 b. Provided, however, if the difference between the total amount of
5 taxes levied for the prior year less the tax levy limit results in a
6 negative number, the tax levy limit shall be equal to a zero percent
7 increase over the prior year tax levy.
8 c. On or before March first of each year, any school district subject
9 to the provisions of this section shall submit to the state comptroller,
10 the commissioner, and the commissioner of taxation and finance, in a
11 form and manner prescribed by the state comptroller, any information
12 necessary for the calculation of the tax levy limit; and the school
13 district's determination of the tax levy limit pursuant to this section
14 shall be subject to review by the commissioner and the commissioner of
15 taxation and finance.
16 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03671-01-3