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No co-sponsors yet.
History
- Reported and committed to finance
- Referred to education
- Print number 4400a
- Amend and recommit to education
- Referred to education
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to disregarding certain payments from the calculation of total spending for the purposes of adopting contingency budgets
In Assembly Committee · Education · Sponsor RoAnn Destito
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the education law, in relation to disregarding certain payments required to be made by a board of cooperative educational services from the calculation of total spending for the purposes of adopting contingency budgets
Purpose
To permit school districts that will be operating on a contingency budget for the 2009-2010 school year and thereafter to exclude the amount of increased expenditures for BOCES capital projects from the statutory cap on contingency budgets. Such increases will be treated similar to other capital expenses which are currently excluded from the cap pursuant to current law.
Summary of provisions
Existing law provides that a contingency budget for a school district shall not increase by more than 120% of the Consumer Price Index or 4%, whichever is less, over the prior school year. Section 2023 currently provides for the exclusion of capital expenditures resulting from the construction, acquisition, reconstruction, rehabilitation or improvement of school facilities, including debt service and lease expenditures, subject to the approval of the qualified voters where required by law.
Justification
When the contingency budget statue was originally enacted the intent was always to exclude capital and debt service costs from the contingency budget calculation. This bill would allow for BOCES capital expenses to similarly be excluded from the statutory cap on contingency budgets.
Legislative history
New bill.
Fiscal implications
None to the state.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.