Senate Bill S5534

2023-2024 Legislative Session

Adjusts the regional labor force cost index for the Hudson Valley region

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Education Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S5534 (ACTIVE) - Details

See Assembly Version of this Bill:
A4607
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8488, A4648
2025-2026: S1929

2023-S5534 (ACTIVE) - Summary

Adjusts the regional labor force cost index for the Hudson Valley region for the 2023-2024 school year and thereafter.

2023-S5534 (ACTIVE) - Sponsor Memo

2023-S5534 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5534
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               March 7, 2023
                                ___________
 
 Introduced  by  Sen.  WEBER  -- 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 adjusting the regional
   cost index for state school aid with  respect  to  the  Hudson  Valley
   region

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph 2 of paragraph a of subdivision 4  of  section
 3602  of  the  education  law,  as amended by section 9-b of part CCC of
 chapter 59 of the laws of 2018, is amended to read as follows:
   (2) (A) The regional cost index shall reflect  an  analysis  of  labor
 market  costs  based on median salaries in professional occupations that
 require similar credentials to  those  of  positions  in  the  education
 field,  but  not  including  those  occupations  in the education field,
 provided that the regional cost indices for the two thousand  seven--two
 thousand  eight  school  year  [and thereafter] THROUGH THE TWO THOUSAND
 TWENTY-TWO--TWO THOUSAND TWENTY-THREE SCHOOL YEAR shall be as follows:
           Labor Force Region  Index
           Capital District    1.124
           Southern Tier       1.045
           Western New York    1.091
           Hudson Valley       1.314
           Long Island/NYC     1.425
           Finger Lakes        1.141
           Central New York    1.103
           Mohawk Valley       1.000
           North Country       1.000
   (B) FOR THE TWO THOUSAND TWENTY-THREE--TWO THOUSAND TWENTY-FOUR SCHOOL
 YEAR AND THEREAFTER THE REGIONAL COST INDICES SHALL BE AS FOLLOWS:
           LABOR FORCE REGION  INDEX
           CAPITAL DISTRICT    1.124
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06245-01-3

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