NY S07433

Amends Education Law Section 2023-a to add provisions regarding property tax refunds from certiorari proceedings transferred from local governments to school districts in special assessing units

Requires the State Comptroller to determine costs and savings to affected school districts resulting from the transfer of tax refund obligations

Mandates that school districts adjust their tax levy limits based on the Comptroller's determination and notification

Takes effect thirty days after becoming law, with the amendment subject to repeal if Section 2023-a is repealed