What's happening
This bill provides annual state aid payments to Albany for the Harriman State Office Building Campus, based on 2009 assessed values, for ten years.
Why it matters
Stabilizes City Revenue. By basing annual aid payments on the 2009 assessed property values, Albany is protected from future decreases in property assessments or state property sales (with adjustments only if land is sold), helping to ensure predictable revenue for city budgeting.
Offsets Tax-Exempt Property Impact. Since state-owned properties like the Harriman Campus are tax-exempt and do not generate local property taxes, these payments compensate Albany for lost tax revenue, supporting essential city services that benefit both residents and state employees.
Long-Term Planning Certainty. The ten-year guarantee gives the city a stable funding source, allowing Albany to make longer-term financial plans and investments rather than dealing with unpredictable aid or assessment changes year-to-year.
Potential Precedent for Other Cities. If successful, this model could encourage similar arrangements in other New York municipalities hosting large, tax-exempt state properties, potentially influencing broader state policy on state-local fiscal relations.
Albany, before your first meeting.
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Who cares
Headline styles
Boost Aid for State Land
Plain English, a few words. Used as the page title.
Sponsors
1 Multi-sponsor
History
- Referred to real property taxation
- Referred to real property taxation
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.
More Aid for State-Leased Lands
In Senate Committee · Investigations And Government Operations · Sponsor Neil D. Breslin
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2134
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. FAHY -- Multi-Sponsored by -- M. of A. McDONALD -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the public lands law, in relation to certain stateleased or state-owned lands
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 19-a of the public lands law is amended by adding a new subdivision 2-b to read as follows:
2-b. (1) Notwithstanding any provision of this section to the contrary, in addition to state aid otherwise payable pursuant to this section, there shall be payable to any city located in a county in which there has been constructed a state office building project known as the W. Averell Harriman State Office Building Campus (more specifically identified on the assessment roll of such city as section, lot and block numbers 53.00-1-2 and 53.00-1-9, respectively), state aid payable annually, in an amount equal to 1.75 percent of such aggregate assessed values of such state office building project as it appeared on the two thousand nine final assessment roll of such city.
(2) Such payments shall be for city purposes only, and shall begin on June first, two thousand seventeen and shall be payable for a period of ten years. For greater certainty, such city's assessments for the properties described in paragraph one of this subdivision are to remain at such two thousand nine total assessed values, i.e. six hundred sixtythree million nine hundred fifty thousand nine hundred dollars and ten million four hundred nineteen thousand six hundred dollars, respectively, throughout such ten year period, provided, however, if any portion of the property is sold by the state of New York during this period, then the sale price of such sale shall be deducted from its appropriate above referenced total assessed value on the next succeeding assessment roll, and such reduced total assessed value shall become the new basis for determining the annual payment for that and each succeeding year thereafter.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02657-01-7
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.