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Sponsors
Senator · Senate District 4
No co-sponsors yet.
History
- Referred to education
- Referred to education
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4262
Title of bill
An act to amend the education law, in relation to providing that a school bond resolution or capital note resolution vote shall take place in conjunction with the school budget vote
Purpose or general idea of bill
This bill will require school districts to vote on school bonds on the same day as the school budget vote.
Summary of specific provisions
Section 1. Amend subdivision 1 and 4 of section 2022 of the education law. Requires school districts to vote upon bond resolutions or capital note resolutions on the third Tuesday in May.
Section 2. Amend subdivision 1 and 4 of section 2022 of the education law. Requires school districts to vote upon bond resolutions or capital note resolutions on the third Tuesday in May.
Section 3. Effective Date.
Justification
This legislation will allow voters to be fully informed about school district finances by requiring votes on school bonds to be voted on the same day as the school budget. School bonds are not counted towards the school's tax cap, yet can create a significant increase in taxes for the district's residents.
Under current law, districts are able to set school bond votes at any time of the year. This bill will allow for maximum voter turnout. Residents are more likely to be available and knowledgeable of school finances during the scheduled school budget vote, which takes place annually on the third Tuesday in May. Random and oddly timed bond votes may have the unintended effect of low turnout, when residents are less likely to be aware of the votes. School bonds typically fund large capital projects which are often tens of millions, sometimes hundreds of millions, of taxpayer dollars. Therefore, it is paramount that all district residents are informed and available to vote on school bonds in a consistent annual vote.
This bill will also reduce the administrative costs for districts who are holding multiple votes a year.
Prior legislative history
New Bill.
Fiscal implications
None.
Effective date
This act shall take effect on the first of January 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.