Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
May 02, 2012 |
referred to education |
Senate Bill S7221
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Education Committee
- Introduced
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- In Committee Assembly
- In Committee Senate
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- On Floor Calendar Assembly
- On Floor Calendar Senate
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- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(R, C, IP) Senate District
2011-S7221 (ACTIVE) - Details
2011-S7221 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7221 TITLE OF BILL: An act to amend the education law, in relation to excluding the valuation of state forest preserve lands, within the Adirondack and Catskill parks, from the definition of "actual valuation" for purposes of apportionment of state moneys to school districts PURPOSE: Excludes the value of state forest preserve lands in the Adirondack and Catskill parks from use in the determination of state aid to school districts SUMMARY OF PROVISIONS: Section 1- Amends paragraph c of subdivision 1 of section 3602 of the laws of 2007 to amend the definition of "actual valuation" Section 2- Contains the effective date. JUSTIFICATION: School districts with large portions of state forest preserve within their district lines often are perceived of being wealthier than the actual value of privately owned lands. A good example of this is the Wells School District in Hamilton County. Their full equalization rate for 2011 was $387.2 million while the value of state forest
2011-S7221 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7221 I N S E N A T E May 2, 2012 ___________ Introduced by Sens. LITTLE, BONACIC -- 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 excluding the valu- ation of state forest preserve lands, within the Adirondack and Cats- kill parks, from the definition of "actual valuation" for purposes of apportionment of state moneys to school districts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph c of subdivision 1 of section 3602 of the educa- tion law, as amended by section 11 of part B of chapter 57 of the laws of 2007, is amended to read as follows: c. "Actual valuation" shall mean the valuation of taxable real proper- ty in a school district obtained by taking the assessed valuation of taxable real property within such district as it appears upon the assessment roll of the town, city, village, or county in which such property is located, for the calendar year two years prior to the calen- dar year in which the base year commenced, after revision as provided by law, and dividing it by the state equalization rate as determined by the state board of [equalization and assessment] REAL PROPERTY TAX SERVICES, for the assessment roll of such town, city, village, or county completed during such preceding calendar year; PROVIDED, HOWEVER, THAT THE ACTUAL VALUATION OF A SCHOOL DISTRICT SHALL NOT INCLUDE THE VALUATION OF ANY REAL PROPERTY WITHIN A STATE FOREST PRESERVE THAT IS EITHER IN THE ADIRONDACK PARK OR THE CATSKILL PARK. The actual valuation of a central high school district shall be the sum of such valuations of its compo- nent districts. Such actual valuation shall include any actual valuation equivalent of payments in lieu of taxes determined pursuant to section four hundred eighty-five of the real property tax law. "Selected actual valuation" shall mean the lesser of actual valuation calculated for aid payable in the current year or the two-year average of the actual valu- ation calculated for aid payable in the current year and the actual valuation calculated for aid payable in the base year. S 2. This act shall take effect on the first of April next succeeding the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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