S T A T E O F N E W Y O R K
________________________________________________________________________
997
2013-2014 Regular Sessions
I N S E N A T E
(PREFILED)
January 9, 2013
___________
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-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01210-01-3
S. 997 2
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.