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Sponsors
Senator · Senate District 57
No co-sponsors yet.
History
- Reported and committed to finance
- Print number 859a
- Amend and recommit to education
- Referred 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.
Provides a $500,000 supplemental valuation impact grant to the West Valley central school district during the 2012 - 2013 school year
In Assembly Committee · Real Property Taxation · Sponsor Joseph Giglio
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S859A
Title of bill
An act to amend the education law, in relation to providing a supplemental valuation impact grant to the West Valley central school district
Purpose
To provide a $500,000 supplemental valuation impact grant to the West Valley central school district.
Summary of provisions
Amending subdivision 3 of section 3641 of the education law.
Justification
The West Valley central School District is in the vicinity of the West Valley Nuclear Demonstration project site, a now defunct project. The real property tax school funding system that New York state uses to fund its public school system disproportionately hurts West Valley, since they have little real property to tax, given that most of their land is state-owned, and as such is tax exempt, primarily as a result of the West valley Nuclear Demonstration Project that folded. Also, the School District is a small, rural, relatively poor area with little tax base to begin with.
Assessment data for 2009 shows that $832,521,000 out of the district's estimated $939,610,000 tax base is tax exempt in the West Valley Central School District. This equates to 93% tax exempt lands. New York State-owned lands account for 83% of this exemption. If taxable, this land at full value would equal over 15 million dollars of tax revenue per school year to the district.
The West Valley Central School District finds itself in a situation unique from most other schools in the state in that 93% of their land is property tax exempt. This bill was requested by the school district to help offset the loss of revenues that they incur due to their tax exempt lands.
Legislative history
2010: S.8189 Referred to Rules
Fiscal implications
$500,000, subject to appropriation in the state budget.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.