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NY A00447
Bill
Status
1/5/2011
Primary Sponsor
William Boyland
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AI Summary
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State assumes all costs of basic quality education within five years, phased in equal annual increments, eliminating reliance on local property taxes for school funding.
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Establishes "Basic Quality Education" standard defined by the Commissioner with Board of Regents guidelines; school districts submit basic budgets for reimbursable services with per-pupil spending capped at statewide average increase plus 10%.
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Replaces property tax revenue through new income tax surtax on individuals and businesses, plus low-rate uniform tax on non-residential property (commercial, industrial, agricultural, and vacant land).
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Reduces real estate taxes in New York City, Buffalo, Rochester, Syracuse, and Yonkers by amount of school tax share; provides tenants with rent reductions or income tax credits if lease restrictions prevent rent reduction.
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Repeals school district sales tax authority and Article 13 of Real Property Tax Law; modifies tax collection procedures and administrative references throughout Tax Law and Real Property Tax Law.
Legislative Description
Makes provisions for the state to assume all costs of basic quality education and for the elimination of real property taxes for the support of education; requires board of regents to establish a schedule of mandatory basic services and costs thereof; provides that school districts shall submit an annual basic budget to the department of education for basic services; increases taxes on personal income and business; makes special provisions for reduction of tax in certain cities and for reduction in rent by tenants in such cities; provides for phased in methods of funding using a "Basic Quality Education" formula; repeals certain provisions of the tax law and real property tax law relating thereto.
Last Action
referred to education
1/5/2011