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History
- Opinion referred to judiciary
- To attorney-general for opinion
- Referred to judiciary
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.
Increases the limitation on indebtedness that may be incurred by certain school districts from five percent to ten percent
In Assembly Committee · Judiciary · Sponsor Phil Steck
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6743
Title of bill
CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to section 4 of article 8 of the constitution, in relation to increasing the limitation on indebtedness that may be incurred by certain school districts
Purpose
This bill would increase the limitation of indebtedness that may be incurred by school districts in cities of 125,000 residents or less from five percent to ten percent.
Summary of provisions
Section 1 subdivision (h) of section 4 of article 8 of the constitution is amended by changing the percentage given to school districts of 125,000 residents or less to 10% for specified objects in relation to indebtedness.
Justification
A number of small city school districts have been up against the indebtedness cap contained in the New York State Constitution for some time.
School districts within small cities are now under the Tax Levy Cap that was enacted in 2011. The constitutional limit on small cities is a vestige of a bygone era when city governments were concerned that newly formed school districts would consume their municipal budgets.
The authorization of an increased limit is appropriate with the safeguards and accountability that are now in place. An increase in indebtedness could only occur with a public vote and one in which the tax cap statutory provisions apply.
Furthermore, under the provisions of this bill, a constitutional limit on small city school district indebtedness would still exist. The raising of the limitation, however, from five percent of the full valuation of taxable real estate of such city to ten percent, would give these school districts and their voters much needed flexibility in developing budgets that meet current demands.
Legislative history
New bill.
Fiscal implications
To be determined.
Effective date
Constitutional Amendment.
Amendment will be referred to the first regular legislative session convening after the next succeeding general election of members of the
Assembly and Senate and published for 3 months previous to the time of such election.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.