S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1564
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL, BENEDETTO, DINOWITZ, GOTTFRIED,
   COLTON -- Multi-Sponsored by -- M. of A. GLICK, PERRY -- read once and
   referred to the Committee on Education
 
 AN ACT to amend the education law, in relation to adjusting the  mainte-
   nance amount for the city school district of the city of New York

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph b of subdivision  5-a  of  section  2576  of  the
 education law, as added by chapter 91 of the laws of 2002, is amended to
 read as follows:
   b. The city amount shall not be less than the city amount appropriated
 in the base year as determined at the time of adoption of the budget for
 the ensuing fiscal year[. Provided, however, in] ADJUSTED TO REFLECT THE
 FIVE  YEAR AVERAGE PERCENTAGE CHANGE IN THE CONSUMER PRICE INDEX FOR ALL
 URBAN CONSUMERS IN THE NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND  PORTION
 OF  THE  NEW  YORK-NORTHERN NEW JERSEY-LONG ISLAND, NEW YORK-NEW JERSEY-
 PENNSYLVANIA METROPOLITAN STATISTICAL AREA, (CPI-U) AS SUCH  IS  DEFINED
 BY  THE  UNITED  STATES DEPARTMENT OF LABOR AND TO INCLUDE AN ADDITIONAL
 TWO BILLION TWO HUNDRED MILLION DOLLARS IN EXCESS OF THE TOTAL AMOUNT OF
 EXPENDITURES FOR THE TWO THOUSAND  SIX--TWO  THOUSAND  SEVEN  BASE  YEAR
 PURSUANT  TO  SECTION THIRTEEN-A OF PART B OF CHAPTER FIFTY-SEVEN OF THE
 LAWS OF TWO THOUSAND SEVEN, SUBJECT TO THE PROVISIONS OF  THIS  SECTION.
 IN ACCORDANCE WITH SUBPARAGRAPH (II) OF PARAGRAPH A OF THIS SUBDIVISION,
 THE  CITY  OF NEW YORK'S CONTRIBUTION OF TWO BILLION TWO HUNDRED MILLION
 DOLLARS, PURSUANT TO SECTION THIRTEEN-A OF PART B OF CHAPTER FIFTY-SEVEN
 OF THE LAWS OF TWO THOUSAND SEVEN SHALL NOT  INCLUDE  CITY  PAYMENTS  TO
 BOND  OR  NOTE HOLDERS FOR DEBT SERVICE OR PAYMENTS FOR EMPLOYEE PENSION
 BENEFITS.  IN the event the total amount of city funds  relied  upon  to
 balance  such budget is lower than the total amount of city funds appro-
 priated in the base year, determined at the time  of  adoption  of  such
 budget,  the  city amount may be reduced by up to the same percentage as
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD00891-01-1

 A. 1564                             2
 
 the overall percentage decrease in city funds between the base year  and
 the ensuing fiscal year.
   §  2.  This  act shall take effect immediately; provided however, that
 the amendments to paragraph b of subdivision 5-a of section 2576 of  the
 education  law  as  made by section one of this act shall not affect the
 repeal of such subdivision and shall be deemed repealed therewith.