NY A01500

Removes population cap for eligible cities receiving video lottery gaming facility aid, changing requirement from "less than one million" to simply "equal to or greater than one hundred twenty-five thousand" starting April 1, 2008

Eliminates poverty rate threshold requirements for eligible municipalities, removing the requirement that municipalities be located in counties with poverty rates equal to or greater than fifty percent of the New York state poverty rate

Simplifies aid distribution for eligible municipalities by removing a tiered system that reduced payments to fifty percent for municipalities in lower-poverty counties, instead providing consistent three and one-half percent of estimated net machine income

Requires the Director of the Division of the Lottery to submit annual payment schedules to the Director of the Budget by June 1, including reconciliations of actual versus estimated net machine income with authority for the Comptroller to adjust payments accordingly

Maintains existing aid caps of twenty million dollars per eligible city and twenty-five percent of total expenditures for eligible municipalities, with eligible cities required to use payments for public schools and eligible municipalities for lottery-related costs or property tax reduction