What's happening
This bill creates separate education funds for New York City, Yonkers, Rochester, Buffalo, and Syracuse using an extra 1% real property tax.
Why it matters
Establishes dedicated, city-specific education funds. that must be kept separate from other municipal revenues, potentially increasing transparency and ensuring that new tax dollars are used solely for local education.
Links education funding directly to property taxes. , which could impact property owners differently across the five cities, raising questions about tax equity and the relationship between local wealth and school resources.
Requires joint management by city mayors and the state commissioner of taxation and finance. , introducing an extra layer of oversight or bureaucracy that could influence how funds are allocated and spent.
Mandates that new funds supplement, not replace, existing city education budgets. , which may result in a real net increase in money available for schools—but also raises concerns over possible future shifts in city budget priorities.
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Who cares
Headline styles
Create City Education Funds
Plain English, a few words. Used as the page title.
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History
- Referred to ways and means
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
10947
IN ASSEMBLY
May 29, 2018
Introduced by M. of A. SMITH -- read once and referred to the Committee on Ways and Means
AN ACT to amend the state finance law, in relation to establishing the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The state finance law is amended by adding five new sections 99-ee, 99-ff, 99-gg, 99-hh and 99-ii to read as follows:
§ 99-ee. City of New York education fund. 1. There is hereby established in the joint custody of the mayor of the city of New York and the commissioner of taxation and finance a special fund to be known as the "city of New York education fund".
2. The city of New York education fund shall consist of moneys collected from the additional imposition of one percent of real property taxes on all classes within a city with a population of one million or more.
3. Funding within the city of New York education fund shall be used in conjunction with money provided through the city's budget to support education programs.
4. Moneys in the fund shall be kept separately from and shall not be commingled with any other moneys in the custody of the city.
§ 99-ff. City of Yonkers education fund. 1. There is hereby established in the joint custody of the mayor of the city of Yonkers and the commissioner of taxation and finance a special fund to be known as the "city of Yonkers education fund".
2. The fund shall consist of moneys collected from the additional imposition of one percent of real property taxes on all classes within the city of Yonkers.
3. Funding within the city of Yonkers education fund shall be used in conjunction with money provided through the city's budget to support education programs.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05688-02-8
A. 10947 2
4. Moneys in the fund shall be kept separately from and shall not be commingled with any other moneys in the custody of the city.
§ 99-gg. City of Rochester local education fund. 1. There is hereby established in the joint custody of the mayor of the city of Rochester and the commissioner of taxation and finance a special fund to be known as the "city of Rochester education fund".
2. The fund shall consist of moneys collected from the additional imposition of one percent of real property taxes on all classes within the city of Rochester.
3. Funding within the city of Rochester education fund shall be used in conjunction with money provided through the city's budget to support education programs.
4. Moneys in the fund shall be kept separately from and shall not be commingled with any other moneys in the custody of the city.
§ 99-hh. City of Buffalo education fund. 1. There is hereby established in the joint custody of the mayor of the city of Buffalo and the commissioner of taxation and finance a special fund to be known as the "city of Buffalo education fund".
2. The fund shall consist of moneys collected from the additional imposition of one percent of real property taxes on all classes within the city of Buffalo.
3. Funding within the city of Buffalo education fund shall be used in conjunction with money provided through the city's budget to support education programs.
4. Moneys in the fund shall be kept separately from and shall not be commingled with any other moneys in the custody of the city.
§ 99-ii. City of Syracuse education fund. 1. There is hereby established in the joint custody of the mayor of the city of Syracuse and the commissioner of taxation and finance a special fund to be known as the "city of Syracuse education fund".
2. The fund shall consist of moneys collected from the additional imposition of one percent of real property taxes on all classes within the city of Syracuse.
3. Funding within the city of Syracuse education fund shall be used in conjunction with money provided through the city's budget to support education programs.
4. Moneys in the fund shall be kept separately from and shall not be commingled with any other moneys in the custody of the city.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.