Senate Bill S2052

2025-2026 Legislative Session

Relates to school district unexpended surplus funds

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government 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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2025-S2052 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in 2023-2024 Legislative Session:
S7701

2025-S2052 (ACTIVE) - Summary

Relates to school district unexpended surplus funds; provides that for the 2027--2028 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2025-S2052 (ACTIVE) - Sponsor Memo

2025-S2052 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2052
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 15, 2025
                                ___________
 
 Introduced  by  Sen.  WEBB  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the  real  property  tax  law,  in  relation  to  school
   district unexpended surplus funds
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1318 of the real property tax law,
 as amended by chapter 238 of the laws of 2007, is  amended  to  read  as
 follows:
   1.  The warrant of the collecting officer shall be signed by the trus-
 tee, or the trustees, or a majority of them, or the board  of  education
 or a majority thereof. Such warrant shall state the amount of unexpended
 surplus  funds  in the custody of the board and shall further state that
 except as authorized or required by law, such unexpended  surplus  funds
 have  been applied in determining the amount of the school tax levy. For
 the two thousand seven--two thousand eight school year, surplus funds as
 used in this subdivision shall mean any operating  funds  in  excess  of
 three  percent  of the current school year budget, and shall not include
 funds properly retained under other sections of law. For the  two  thou-
 sand  eight--two thousand nine school year[, and thereafter] THROUGH THE
 TWO  THOUSAND  TWENTY-SEVEN--TWO  THOUSAND  TWENTY-EIGHT  SCHOOL   YEAR,
 surplus funds as used in this subdivision shall mean any operating funds
 in  excess  of four percent of the current school year budget, and shall
 not include funds properly retained under other sections of law. FOR THE
 TWO THOUSAND TWENTY-SEVEN--TWO THOUSAND TWENTY-EIGHT  SCHOOL  YEAR,  AND
 THEREAFTER,  SURPLUS  FUNDS  AS  USED IN THIS SUBDIVISION SHALL MEAN ANY
 OPERATING FUNDS IN EXCESS OF SIX PERCENT  OF  THE  CURRENT  SCHOOL  YEAR
 BUDGET,  AND  SHALL  NOT  INCLUDE  FUNDS  PROPERLY  RETAINED UNDER OTHER
 SECTIONS OF LAW. Such warrant shall have the same force and effect as  a
 warrant  issued  by  a board of supervisors to a collecting officer in a
 town. The collecting officer to whom it may be delivered for  collection
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03809-01-5

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