What's happening
This bill allows certain large school districts to receive special state funding for increased public pension costs incurred in 2015-2017.
Why it matters
Targets districts with populations between 195,000 and 219,000. (according to the latest federal census), which is a narrow range that likely applies to only a few large urban school districts—so this funding is not broadly available statewide.
Retroactively addresses pension cost increases from 2015-2017. , helping districts cover budget gaps caused by higher-than-expected public pension liabilities during those specific years, which may prevent cuts to educational programs or staff.
Requires local approval and certification. , meaning the district’s board (and, in some cases, the mayor) must actively apply and verify the extra pension costs, ensuring funds are only provided for documented increases.
May set a precedent for future targeted state assistance. to districts facing sudden, large increases in mandatory costs, potentially influencing how the state responds to similar fiscal challenges in the future.
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Who cares
Headline styles
Help Schools Pay Pension Debts
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History
- Referred to education
- Referred to education
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
784
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. PRETLOW -- read once and referred to the Committee on Education
AN ACT to amend chapter 57 of the laws of 2005, amending the education law relating to providing for school budget revote, in relation to a special apportionment for public pension accruals
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision a of section 10 of part M of chapter 57 of the laws of 2005, amending the education law relating to providing for school budget revote, is amended to read as follows:
a. Notwithstanding any other provision of law, (1) upon application to the commissioner of education, not later than June 30, 2005, a school district eligible for an apportionment pursuant to section 3602 of the education law shall be eligible to receive an apportionment pursuant to this section, for the school year ending June 30, 2005, and such apportionment shall not exceed the additional accruals required to be made by school districts in the 2004-2005 school year associated with changes in accounting methodologies for liabilities for employer and employee contributions due and payable to a public retirement system, and (2) upon application to the commissioner of education, not later than June 30, 2006, a school district eligible for an apportionment pursuant to section 3602 of the education law shall be eligible to receive an apportionment pursuant to this section, for the school year ending June 30, 2006, and such apportionment shall not exceed the additional accruals required to be made by school districts in the 2004-05 or 2005-06 school years associated with changes in accounting methodologies for such public pension liabilities and/or (3) for school districts with a population in excess of one hundred ninety-five thousand inhabitants and less than two hundred nineteen thousand inhabitants according to the latest federal census, upon application to the commissioner of education, not later than June 30, 2017, a school district eligible for an
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05055-01-7
A. 784 2
apportionment pursuant to section 3602 of the education law shall be eligible to receive an apportionment pursuant to this section, for the school year ending June 30, 2017, and such apportionment shall not exceed the additional accruals required to be made by such district in both the 2015-2016 and the 2016-2017 school years associated with changes in public pension liabilities. The amount of such additional accrual shall be certified to the commissioner of education by the president of the board of education or the trustees or, in the case of a city school district in a city with a population in excess of one hundred twentyfive thousand inhabitants, the mayor of such city. Such application shall be made by a school district, after the board of education or trustees have adopted a resolution to do so and in the case of a city school district in a city with a population in excess of one hundred twenty-five thousand inhabitants, with the approval of the mayor of such city.
§ 2. This act shall take effect April 1, 2017; provided that if this act shall become a law after such date, it shall take effect immediately and be deemed to have been in full force and effect on and after such date.
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.