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Who cares
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Sponsors
Senator · Senate District 45
1 Co-sponsor
History
- Referred to education
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7221
Title of bill
An act to amend the education law, in relation to excluding the valuation of state forest preserve lands, within the Adirondack and Catskill parks, from the definition of "actual valuation" for purposes of apportionment of state moneys to school districts
Purpose
Excludes the value of state forest preserve lands in the Adirondack and Catskill parks from use in the determination of state aid to school districts
Summary of provisions
Section 1- Amends paragraph c of subdivision 1 of section 3602 of the laws of 2007 to amend the definition of "actual valuation"
Section 2- Contains the effective date.
Justification
School districts with large portions of state forest preserve within their district lines often are perceived of being wealthier than the actual value of privately owned lands. A good example of this is the Wells School District in Hamilton County. Their full equalization rate for 2011 was $387.2 million while the value of state forest preserve was $254 million, which represents 65.6% of the total district value.
This bill aims to give a district a better representation of the wealth of a given district.
Legislative history
New Bill
Fiscal implications
To be determined.
Effective date
This act shall take effect on the first of April next succeeding the date on which it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.