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Sponsors
Senator · Senate District 57
No co-sponsors yet.
History
- Print number 3780a
- 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 2014 - 2015 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:S3780A
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
Section 3641, subdivision 3 of the Education Law is amended.
Justification
Within the boundaries of the West Valley Central School District is the West Valley Nuclear Demonstration project site. This site is located on approximately 3,300 acres in the Town of Ashford where West Valley is situated. Initially, in 1961, the site was created to commercially reprocess spent nuclear fuel. The operator of the site was Nuclear Fuel Services, Inc. (NFS). In the late 1970's, IFS determined that it was no longer feasible to pursue reprocessing. Since then the site has been in the process of being decommissioned. The New York State Energy Research and Development Authority (NYSERDA) is the owner of the facility.
The real property tax school funding system that New York State uses to fund its public schools 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 reprocessing project that folded. In addition, the School District is a small, rural, relatively poor area with little tax base to begin with. This situation is further magnified by an unwillingness of families to locate in the District due to fears associated with living close to a nuclear facility couple with one of the highest tax rates in Cattaraugus County.
West Valley School District assessment date for 2012 shows that $531,901,574 out of the district's estimated $628,380,834 assessed value is tax exempt. This equates to approximately 85% tax exempt lands. New York State-owned lands account for 94% of this exemption. If taxable, this nuclear site would provide over $2.7 million dollars of tax revenue each school year to the district. In addition, the school tax rate in the Town of Ashford would decrease from $37.62 per thousand to $5.45 per thousand.
Because of West Valley's unique situation, 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
2011,2012: S.859A./A.1955A Referred to Education 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.