What's happening
This bill exempts costs for building or improving community college facilities from local governments' real property tax levy limits.
Why it matters
Allows local governments to increase property taxes specifically to fund community college facility projects. without counting these costs against the usual tax cap, potentially making it easier to finance necessary upgrades or new construction.
Could lead to more timely and robust investment in community college infrastructure. , improving educational environments and resources for students, which may boost enrollment and workforce development.
Shifts the fiscal impact of such projects directly onto property taxpayers. , meaning residents in affected areas could see higher taxes if local governments pursue significant facility improvements.
Empowers local governments and their constituents to make targeted investments in higher education facilities. , rather than being constrained by broader limits designed to keep overall property tax growth in check.
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Who cares
Headline styles
Exclude College Projects from Tax Cap
Plain English, a few words. Used as the page title.
Sponsors
3 Multi-sponsors
History
- Referred to local governments
- Referred to local governments
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4518
2019-2020 Regular Sessions
IN ASSEMBLY
February 4, 2019
Introduced by M. of A. GLICK, COOK, PAULIN, MONTESANO -- Multi-Sponsored by -- M. of A. CROUCH, JAFFEE, THIELE -- read once and referred to the Committee on Local Governments
AN ACT to amend the general municipal law, in relation to exempting the costs associated with the construction of community college capital facilities from the real property tax levy limit for local governments
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph (iv) of paragraph (g) of subdivision 2 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended and a new subparagraph (v) is added to read as follows:
(iv) in years in which the normal contribution rate of the New York state teachers' retirement system, as defined by paragraph a of subdivision two of section five hundred seventeen of the education law, increases by more than two percentage points from the previous year, a tax levy necessary for expenditures for the coming fiscal year for local government employer contributions to the New York state teachers' retirement system caused by growth in the normal contribution rate minus two percentage points[.];
(v) a tax levy necessary for expenditures for the coming fiscal year related to the financing, refinancing, construction, reconstruction, renovation, acquisition, design, rehabilitation, improvement, furnishing, equipping or alteration of community college capital facilities, including debt service and lease expenditures, as approved by the local sponsor, as defined in subdivision three of section sixty-three hundred one of the education law.
§ 2. This act shall take effect immediately; provided, however, that the amendments to section 3-c of the general municipal law made by section one of this act shall not affect the repeal of such section and shall be deemed repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05665-01-9
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.