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History
- Referred to finance
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.
Returns the funding levels for municipalities in which video lottery gaming facilities are located to the state fiscal year 2008-2009 levels
In Assembly Committee · Ways And Means · Sponsor Sean Ryan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7479
Title of bill
An act to amend the state finance law, in relation to returning the aid to localities payments for eligible municipalities in which video lottery gaming facilities are located to the 2008-2009 state fiscal year levels; and to amend chapter 53 of the laws of 2012, enacting the Aid to Localities budget, in relation to payments of aid to eligible munici- palities in which video lottery gaming facilities are located
Purpose
To restore funding to municipalities that host the seven upstate video lottery gaming facilities.
Summary of specific provisions
Section 1 of the bill states that the aid to municipalities with video lottery gaming facilities should be restored to the 2008-2009 funding level. Section 2 Increases Local Government Assistance in the general fund, all funds, and schedule by $7,634,654.
Justification
Since the enactment of the 2008-2009 budget aid to municipalities affected by this legislation have been cut approximately 60% placing a financial strain to make up for this shortfall. The majority of these cuts took place in the 08-09 and 09-10 budget. At the same time the City of Yonkers was cut by 2%. As a result of enactment of these local racinos, it was decided that host municipalities deserved an adequate share of revenue as a direct result of being the host municipality. Enactment of this legislation will bring equity to these municipalities and restore badly needed funding.
Prior legislative history
New Bill.
Fiscal implications
$7,634,654
Effective date
Immediately, however deemed in full force and effect on and after April 1, 2012.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.